Microsoft Clings To Key $50 Level

Microsoft Corp

shares are trading lower by $0.31 at $49.81 in Tuesday's session. After a wild nearly $3 range on Tuesday (following its takeover of LinkedIn), the issue had been range bound in Tuesday's session. After a lower open, it could found resistance ahead of Monday's close ($50.14), only reaching $50.10 before turning lower. So far, it has traded down to $49.57, but has been unable to get back over the key level of $50. It has not closed under $50 since May 5, when it ended the session at $59.94.