MSFT shows a base breakout and positive momentum in a sector rally, but technical confirmation via MACD crossover is pending for stronger conviction.
Jump to any passage
First up here is Microsoft. Here's that gap up on earnings. The stock pulled back rather orderly, but more recently it has been on the move higher. So, we have a nice base breakout coming out of a 2-month base.
The company is very involved in cybersecurity software. Their Azure product does produce 20 billion in security-related revenues for the company. So, this is a participation rally in the move earnings-related move into software stocks.
And again, we did see this nice base breakout today. Very decent volume. We have a positive RSI. Now, if we can get that black line up through the red on the MACD, that would give more conviction to the current uptrend taking place in Microsoft.
What this channel has said about $MSFT
StockCharts TV has 2 calls on this stock; only the adjacent ones are shown.