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SmarTrend Watching for Potential Pullback in Shares of Microsoft Corp After 1.54% Gain

Sep 05, 2019

Sep 05, 2019 (SmarTrend(R) News Watch via COMTEX News Network) -- Microsoft Corp (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $138.77 to a high of $140.38. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $139.18 on volume of 11.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Microsoft Corp and will alert subscribers who have MSFT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Microsoft Corp has traded in a range of $93.96 to $141.68 and is now at $139.76, 49% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 0.02% lower over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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Copyright, Comtex News Network, Inc. 2019

SOURCE: Comtex

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