Microsoft Corporation (MSFT) “On a long-term technical basis, the stock (MSFT) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has broken through an important trendline at 160.79 suggesting the next level of support is 152.50. The long-term uptrend has now turned neutral.

The stock has support at 152.50 and 141.79. If the stock breaks down through support at 152.50 then it will probably continue lower to 141.79. The stock will meet resistance at 160.20 and 170.80. If the stock breaks up through resistance at 160.20 then it will probably continue higher to 170.80. The 200-day moving average is at 148.97. This will also act as support. If the stock closes below 150.78 a negative trend change is probable. Look for the stock to fall to the 200-day moving average at 148.97. The stock is neutral according to the Stochastic Indicator (61.65).”