November 24, 2010

Microsoft near 50 DMA

  • MSFT is trading near its 50 Day Moving Average.
  • Stock could not sustain above its 200 DMA and was followed by this correction.
  • Now the indicators like Stochastic and RSI is showing oversold readings.
  • IF 50 DMA holds this stock can give a decent bounce from current levels.
  • S&P 500 BEFORE OPENING BELL

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