$MSFT Holding Support, a Buy Leading Up To July ER

NASDAQ:MSFT   Microsoft Corp.
$MSFT Microsoft tanked pretty hard today with the overall market. But after tagging support at $97.30 we saw a nice bounce in the final hour of trading closing just above the 50d ema .

Assuming we remain above the $97.30 support line in the coming days, I see MSFT continuing to bounce from this area leading up to earnings on 7/19. MSFT is a solid company with a nice track record of earnings beats. With two overhead gaps to fill and ATH just under $103 there's several possible targets for a short term trade.

Target: $102.50+
Stop Loss: $97.00

Note: Observation/opinion, not investment advice.


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