Option_Traders

Keep on watch

Option_Traders Updated   
NASDAQ:MSFT   Microsoft Corp.
nice setup here, unfortunately earnings are next week. But this has been strong and nearing a breakout. MSFT typically doesnt move much on ER's but if it can have a decent report and this wants to break should see a big move higher.
Trade active:
First Pt hit on MSFT
Comment:
this has some huge resistance above, June's high as well as the downtrend line from the highs. This has been a pretty big move already. Leading markets the past few days and can get short term extended. What would be better is if it stops at that trendline and gives a pullback. Buying the downtrend break, for those who missed it, is pretty high risk, so use caution. But looking very strong along with markets

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