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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 173.75 suggesting the next support level is at 164.30. This weakness suggests the long-term trend is turning neutral.
The stock has support at 164.30 and 152.85. If the stock breaks down through support at 164.30 then it will probably continue lower to 152.85. The stock will meet resistance at 173.75 and 190.70. If the stock breaks up through resistance at 173.75 then it will probably continue higher to 190.70. The 200-day moving average is at 149.53. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (79.78).”
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