Trade Idea - Microsoft
Sunday, November 23, 2008
Chart courtesy of

Microsoft shares surged more than 12 percent in Friday trading, accompanied by a strong volume expansion. A break above $20.51 would turn this chart bullish and a move below $18.61 would put the bias back with the bears. Technically, the chart is showing weakness as both 50 day and 200 day moving average are still going downward. In addition, MACD is still under 0 indicating bearish trend. Wait for a break above $20.51. Let's keep an eye on it.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.


posted by Pro Investor Trader at 7:13 AM | Permalink