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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 recently broken through an important trendline at 163.56 suggesting the next support level is at 160.20. This weakness suggests the long-term trend is turning neutral.
The stock has support at 160.20 and 147.17. If the stock breaks down through support at 160.20 then it will probably continue lower to 147.17. The stock will meet resistance at 163.56 and 190.70. If the stock breaks up through resistance at 163.56 then it will probably continue higher to 190.70. The 200-day moving average is at 147.17. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (27.04).”
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