[May 23, 2013] Microsoft Falls 1.33% on Heavy Volume: Watch For Potential Rebound Tweet May 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $33.90 to a high of $34.55. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $34.36 on volume of 50.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. SmarTrend recommended that subscribers consider buying shares of Microsoft on March 5th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.35. Since that recommendation, shares of Microsoft have risen 22.1%. We continue to monitor MSFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, Microsoft has traded in a range of $23.65 to $35.27 and is now at $34.15, 44% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.4%. 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 [ Back To TMCnet.com's Homepage ]