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Microsoft Corp (MSFT) Approaches New Downside Target of $138.12

Sep 06, 2019

Sep 06, 2019 (SmarTrend(R) News Watch via COMTEX News Network) -- Microsoft Corp (NASDAQ:MSFT) has opened bearishly below the pivot of $139.73 today and has reached the first level of support at $139.09. Investors may be interested in a cross of the next downside pivot targets of $138.12 and $136.51.

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 find initial resistance at its 200-day moving average (MA) of $120.49 and further resistance at its 50-day MA of $136.95.

Microsoft Corp share prices have moved between a 52-week high of $141.68 and the current low of $0.00 and are currently at $0.00 per share. The 200-day and 50-day moving averages have moved 0.25% higher and 0.02% lower over the past week, respectively.

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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