Stocks continue to trend higher with several leaders nearing important price levels.
One such technology stock is Microsoft (MSFT). This is one of the magnificent 7 stocks so it’s fair to say that any big moves on this one are important to the broader market.
Today’s chart is a pretty simple example of letting a chart speak for itself… and then letting the price action show you how to proceed.
In this case, Microsoft’s stock price is at an important juncture. And what happens next for MSFT may be an indicator for tech stocks in general.
Note that the following MarketSurge charts are built with Investors Business Daily’s product suite.
I am an Investors Business Daily (IBD) partner and promote the use of their products. The entire platform offers a good mix of tools, education, and technical and fundamental data.
$MSFT Microsoft Stock Chart
Okay, so here is the chart. Simple, right? But it says a lot. MSFT needs to clear $431 and see follow on buying. That would be bullish. Any price reversal here would neutralize bulls and open the door for bears, if they want it.
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
