Trade Idea - Microsoft
Enviado: 23/11/2008 13:49The stock surged more than 12 percent in Friday trading, accompanied by a strong volume expansion. A break above $20.51 would turn this chart bullish and a move below $18.61 would put the bias back with the bears. Technically, the chart is showing weakness as both 50 day and 200 day moving average are still going downward. In addition, MACD is still under 0 indicating bearish trend. Wait for a break above $20.51.