Microsoft Corporation ( $MSFT ) is one of the MVP stock ( Microsoft, Visa and PayPal) and offering a potential buying price between $131.47 -$144.34, as of June 12th , 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was in a consolidation late last year. It’s even lost the 50 day moving average line support.
3. The stock had a solid run when it broke out from the consolidation.
4. The stock found support or traded above the key 50 DMA.
5. The stock appeared to be in a quick consolidation.
6. It lost the 50 DMA line support, but quickly took it back on a rock solid volume.
7. The stock is offering a potential buying price between $131.47 – $144.34 with a stop loss at $120.74.
