Microsoft Corporation (NASDAQ:MSFT) Looking Weak in the Short Term.
By George Zabel
November 12, 2009 12:51 PM
November 12, 2009 12:51 PM
Symbols: MSFT
Microsoft Corporation (NASDAQ: MSFT) keeps on rallying confirming its strong longer term technical outlook, but for the shorter term, a double top and a bearish divergence are foretelling of downside potential, that could bring the stock few dollars below its current $29-something level.
Microsoft is a good candidate for Put option buying with the objective of getting out near its 50 day M.A. at around $26, and possibly entering a long term, long position using either Options or futures at that level.
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