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Watch for Shares of Microsoft Corp (MSFT) to Approach Resistance at $283.79

Jul 16, 2021 (SmarTrend(R) News Watch via COMTEX) --
Shares of Microsoft Corp (NASDAQ:MSFT) have bullishly opened above the pivot of $281.13 today and have reached the first resistance level of $282.43. Should the shares continue to rise, the resistance pivots of $283.79 and $286.45 will be of interest.

In the past 52 weeks, shares of Microsoft Corp have traded between a low of $196.25 and a high of $283.66 and are now at $281.07, which is 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

Microsoft Corp (NASDAQ:MSFT) defies analysts with a current price ($281.07) 60.8% above its average consensus price target of $110.23. The stock should discover initial support at its 50-day moving average (MA) of $258.63 and subsequent support at its 200-day MA of $235.65.

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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COMTEX_389916852/2476/2021-07-16T10:16:05

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