Close
SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Downgrade Alert for Microsoft (MSFT)
[January 04, 2013]

Downgrade Alert for Microsoft (MSFT)

Jan 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Microsoft (NASDAQ:MSFT) was downgraded from Buy to Hold at Argus Research today. The stock closed yesterday at $27.25 on volume of 47.9 million shares, below average daily volume of 52.3 million. Microsoft (NASDAQ:MSFT) has potential upside of 25.0% based on a current price of $27.25 and analysts' consensus price target of $34.06. The stock should run into initial resistance at its 50-day moving average (MA) of $27.51 and subsequent resistance at its 200-day MA of $29.68.

Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.

In the past 52 weeks, shares of Microsoft have traded between a low of $23.65 and a high of $32.95 and closed yesterday at $27.25, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 0.51% lower over the past week, respectively.


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 7.5%. 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

[ Back To TMCnet.com's Homepage ]





LATEST VIDEOS

DOWNLOAD CENTER

UPCOMING WEBINARS

MOST POPULAR STORIES





Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.