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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 --------------------------------------------------------------------------------------------- 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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