AlphaTrends Trading Blog

Objective technical analysis of stock market trends since 2006.

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Is Microsoft About To Breakout?

Energy has been building under 31-31.15 in $MSFT and if it can push up through that level it looks like there is a good chance for the stock to continue up towards 34-35. With a worst case stop just below 30.00 this looks like a good risk/reward setup for more conservative traders and investors.

click chart to enlarge

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