Shares of Microsoft Corp (NASDAQ:MSFT) opened today above their pivot of $266.83 and have already reached the first level of resistance at $270.31. Investors may be interested in a cross of the next upside pivot targets of $275.79 and $284.75.

In the past 52 weeks, shares of Microsoft Corp have traded between a low of $208.16 and a high of $349.66 and are now at $310.96, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Based on a current price of $310.96, Microsoft Corp is currently 64.6% above its average consensus analyst price target of $110.23. Microsoft Corp shares should encounter resistance at the 50-day moving average (MA) of $332.33 and support at its 200-day MA of $286.98.

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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COMTEX_406987062/2476/2022-05-10T14:17:37