Microsoft Corporation MSFT shares are trading higher by $0.50 at $51.72 in Thursday's session. After the bell, the company will announce its Q4 report. The Street has estimates for EPS at $0.71 with revenues of $25.24 billion.
For the last five trading sessions (including today), the issue has been in a well-defined trading range from $51.02-$52.65. Since its Q3 beat on October 22, the issue has made a 16-year high at $56.85 and traded down to $49.10 on January 20.
It should be noted the low of this time period coincides with the upper end of its range.
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