Microsoft is one of those “old” tech names that many traders consider boring. Well, sometimes boring is profitable and a worthwhile investment. The stock is up strong for 2015, and it even reached a multi-year high a week ago. Volume trends are strong as institutions accumulate the stock, and relative strength is impressive – the stock pulls higher when the market is weak.
What is most impressive about Microsoft is the fact it is basing at a high level, often a sign that the next move will be upward. The MACD is about to flash another buy signal, and this bodes well for a strong stock performance in 2016.
Microsoft (Nasdaq: MSFT) Video Chart Analysis
Take a deeper dive into the chart action on Nasdaq: MSFT and learn how to read the technicals and analysis as Bob Lang marks up our chart of the week.
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About Microsoft
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The companys Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Its Computing and Gaming Hardware segment provides Xbox gaming and entertainment consoles and accessories, second-party and third-party video games, and Xbox Live subscriptions; surface devices and accessories; and Microsoft PC accessories.
