Microsoft Corporation develops, licenses, markets, and supports
software, services, and devices worldwide. The company’s Devices and
Consumer (D&C) Licensing segment licenses Windows operating system
and related software; Microsoft Office for consumers; and Windows Phone
operating system. Its Computing and Gaming Hardware segment provides
Xbox gaming and entertainment consoles and accessories. The company’s
Phone Hardware segment offers Lumia Smartphones and other non-Lumia
phones. Its D&C Other segment provides Windows Store, Xbox Live
transactions, and Windows Phone Store; search advertising; display
advertising; Office 365 Home and Office 365 Personal. The company’s
Commercial Licensing segments licenses server products, including
Windows Server, Microsoft and related Client Access Licenses; Windows
operating system; Microsoft Office for business; and Skype. Its
Commercial Other segment offers enterprise services, including premier
support services and Microsoft consulting services; commercial cloud
comprising Office 365 Commercial and other Microsoft Office online
offerings.
Take a look at the 1-year chart of Microsoft (Nasdaq: MSFT) below with my added notations:
MSFT has been trending consistently higher for the entire last year,
and during the last 8 months, the stock has also formed a clear
trendline of support (green). In addition, the stock had also created at
52-week high resistance level at $45.50 (blue) in July and August. At
some point MSFT was going to have to break one of those two levels, and
late last week the stock broke through resistance to a new high.
The Tale of the Tape: MSFT broke though its $45.50
resistance, which was also a new 52-week high. A long trade could be
made on a pullback down to the $45.50 level with a stop placed below
that level. A break back below $45.50 should lead to a fall down to the
trendline support., which is currently approaching $44.
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