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Microsoft (MSFT) Crosses Pivot Point Support at $27.68
[January 31, 2013]

Microsoft (MSFT) Crosses Pivot Point Support at $27.68

Jan 31, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Microsoft (NASDAQ:MSFT) have bearishly opened below the pivot of $27.93 today and have reached the first support level of $27.68. Investors may be interested in a cross of the next downside pivot targets of $27.50 and $27.07.

Microsoft (NASDAQ:MSFT) has potential upside of 18.7% based on a current price of $27.73 and analysts' consensus price target of $32.90. The stock should hit resistance at its 200-day moving average (MA) of $29.27, as well as support at its 50-day MA of $27.08.

In the past 52 weeks, Microsoft share prices have been bracketed by a low of $23.65 and a high of $32.95 and are now at $27.73, 17% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.24% higher 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 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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