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Watch for Shares of Microsoft (MSFT) to Approach Resistance at $27.00
[December 10, 2012]

Watch for Shares of Microsoft (MSFT) to Approach Resistance at $27.00

Dec 10, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Microsoft (NASDAQ:MSFT) have bullishly opened above the pivot of $26.55 today and have reached the first resistance level of $26.72. Investors may be interested in a cross of the next upside pivot targets of $27.00 and $27.45.

Microsoft share prices have moved between a 52-week high of $32.95 and a 52-week low of $23.65 and are now trading 12% above that low price at $26.55 per share. The 200-day and 50-day moving averages have moved 0.16% lower and 0.71% lower over the past week, respectively.

There is potential upside of 31.2% for shares of Microsoft based on a current price of $26.55 and an average consensus analyst price target of $34.83. Microsoft shares should first meet resistance at the 50-day moving average (MA) of $29.04 and find additional resistance at the 200-day MA of $30.26.


SmarTrend recommended that its subscribers protect gains by selling shares of Microsoft on October 9th, 2012 by issuing a Downtrend alert when the shares were trading at $29.46. Since that call, shares of Microsoft have fallen 10.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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