Microsoft Corp (MSFT)

[ITMS]

Watch This Key Trade Level For Microsoft $MSFT

Microsoft Corp (NASDAQ-MSFT) has been one of the leading tech stocks in 2018. Since the stock market correction began this tech giant has come under severe selling pressure. The stock peaked on October 3rd at $116.18 a share. Since that high pivot, the stock has declined down to the $102.20 level where it is trading today. It should be noted, MSFT stock is still trading above its important 200-day moving average which is at $100.68. Should the stock close below this key moving average then it would signal more weakness in the near term and further downside for the shares. The next major support level for the stock would be around the $95.00 level. This is where the stock was able to break-out of a choppy base in late May 2018. Often, the institutional money will defend a stock when it back tests a prior break-out area. Keep this level on the radar for a long side trade in MSFT stock.





Nicholas Santiago
InTheMoneyStocks