Microsoft Corp

AAA

For today's chart we've chosen to take a look at Microsoft because the bulls have pushed the price of the company's shares toward an interesting level of resistance. As you can see from the chart below, today's fresh 52-week high is the first time the bulls have been able to test the resistance of the ascending trendline since late 2005. It is possible that the bulls will have a difficult time pushing the price above $29.00 over the near term, but a move above this resistance would signal a move to the next resistance near $30.00.





MSFT_110606.gif

You May Also Like

Related Analysis
  1. Chart Advisor

    Profit From Holiday Spending With This ETF

  2. Chart Advisor

    Cocoa Prices Setting Up For A Move Lower

  3. Chart Advisor

    How To Trade The Biggest U.S. Companies In 2015

  4. Chart Advisor

    'Tis The Season For Food And Beverage Stocks

  5. Chart Advisor

    Commodities Set Up For A Continued Move Lower

Trading Center