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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 161.81 suggesting the next support level is at 152.50. This weakness suggests the long-term trend is turning neutral.
The stock has support at 152.50 and 142.37. If the stock breaks down through support at 152.50 then it will probably continue lower to 142.37. The stock will meet resistance at 160.20 and 190.70. If the stock breaks up through resistance at 160.20 then it will probably continue higher to 190.70. The 200-day moving average is at 145.69. This will also act as support. The stock is neutral according to the Stochastic Indicator (36.94).”
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