Tea-Trades

Microsoft Trend Channel

Long
NASDAQ:MSFT   Microsoft Corp.
Microsoft has been following an upward trend channel. It gapped up and broke out of the channel on Oct 27 due to good earnings report. Microsoft held its price and I expect it to continue holding within the channel. I believe a good entry would be as it falls back to the trendline at approximately 76.00. I am watching closely to see if it breaks below the trendline which would be a bearish signal.

The Current stock price is above both the 150 day and 200 day moving average.

The 200 day moving avg line is trending up (for at least one month) early in the year.

The Current stock price is trading above the 50 day moving average.

The current stock price is at least 30 percent above its 52 week low. ( 36% above it's 52 week low)

The current price is 96% of it's new high.

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