Carter Worth Sees A Break Out In Microsoft Corporation

, Carter Worth analyzed

from a technical standpoint. Worth said that the technology stocks performed significantly better than the S&P 500 after the August low. The biggest outperformer was

, which gained around 30 percent.

gained around 20 percent from its August lows, but according to Worth's analysis, historically it has been very correlated to

. Worth identified a pattern on

chart which suggests to him that the stock is going to break out on the upside. The stock has been trading in a range in 2015 after a strong uptrend and Worth believes that it is ready now to catch up with

. It is also interesting that

is going to report earnings on Thursday. The stock currently has a 3.1 percent dividend yield. Mike Khouw doesn't expect a huge break out above $50 in

and he suggested a calendar call spread to exploit a small move higher. He wants to sell the October 48 call and buy the October 48 call for $1.50. The break even for this trade is at $48.90 or approximately 3 percent higher from the stock's current price.