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.
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