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Microsoft Corp (MSFT) Breaks Through Support at $136.07

Sep 10, 2019

Sep 10, 2019 (SmarTrend(R) News Watch via COMTEX News Network) -- Shares of Microsoft Corp (NASDAQ:MSFT) have bearishly opened below the pivot of $137.91 today and have reached the first support level of $136.07. Investors may be interested in a cross of the next downside pivot targets of $134.62 and $131.33.

In the past 52 weeks, Microsoft Corp share prices have been bracketed by a current low of $0.00 and a high of $141.68 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

There is potential upside of 0.0% for shares of Microsoft Corp based on a current price of $0.00 and an average consensus analyst price target of $110.23. The stock should run into initial resistance at its 200-day moving average (MA) of $120.83 and subsequent resistance at its 50-day MA of $137.19.

SmarTrend is monitoring the recent change of momentum in Microsoft Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Microsoft Corp in search of a potential trend change.

Write to SmarTrend at cs@mysmartrend.com

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Copyright, Comtex News Network, Inc. 2019

SOURCE: Comtex

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