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SmarTrend Watching for Potential Rebound in Shares of Microsoft Corp After 1.58% Loss

Jun 26, 2020 (SmarTrend(R) News Watch via COMTEX) --
Microsoft Corp (NASDAQ:MSFT) traded in a range yesterday that spanned from a low of $194.88 to a high of $199.87. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $195.47 on volume of 20.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Microsoft Corp have traded between the current low of $0.00 and a high of $203.95 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.96% higher and 1.61% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Microsoft Corp and will alert subscribers who have MSFT in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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