Monday, April 25, 2011

Microsoft Corp. (MSFT)

Microsoft looks like a bargain here to me.  The stock has found support at the $24.75 level three separate times, twice within the past two months.  This indicates a possible triple bottom pattern.  If the $26.50 level breaks, this will offer some confirmation and possible start to a nice uptrend.  Wall street analyst and hedge funds seem to be bullish on this as well.  My target is $29 for the coming months.  

via StockCharts.com
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1 comment:

  1. TheSmarterInvestorApril 28, 2011 at 3:40 PM

    Can you say BREAKOUT?? Broke the $26.50 resistance, went long should see a nice ride to $28-$29 level.

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