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Look for Shares of Microsoft to Potentially Rebound after Yesterday's 1.44% Sell OffJan 31, 2013 (SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $27.40 to a high of $27.97. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $27.60 on volume of 50.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. 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. 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 16% above that low price at $27.47 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%. 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 |