TMCnet News
Downgrade Alert for Microsoft (MSFT)Apr 12, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Microsoft (NASDAQ:MSFT) was downgraded from Buy to Neutral at Hilliard Lyons today. The stock closed yesterday at $28.93 on volume of 130.4 million shares, above average daily volume of 43.1 million. Potential upside of 13.8% exists for Microsoft, based on a current level of $28.93 and analysts' average consensus price target of $32.93. Microsoft shares have support at the 200-day moving average (MA) of $28.72 and additional support at the 50-day MA of $28.10. 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. Microsoft share prices have moved between a 52-week high of $32.95 and a 52-week low of $23.65 and closed yesterday at 22% above that low price at $28.93 per share. The 200-day and 50-day moving averages have moved 0.07% lower and 0.43% higher over the past week, respectively. SmarTrend is tracking the current trend status for Microsoft and will alert subscribers who have MSFT in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |