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Microsoft Corp Falls 1.68% on Heavy Volume: Watch For Potential Rebound

Dec 02, 2019

Dec 02, 2019 (SmarTrend(R) News Watch via COMTEX News Network) -- Microsoft Corp (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $148.32 to a high of $151.83. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $151.28 on volume of 10.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Microsoft Corp on September 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $139.57. Since that recommendation, shares of Microsoft Corp have risen 8.5%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Microsoft Corp has traded in a range of $93.96 to $152.50 and is now at $151.07, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.7%.

Write to SmarTrend at cs@mysmartrend.com

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Copyright, Comtex News Network, Inc. 2019

SOURCE: Comtex

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