Microsoft Shares Gain 1.5% as Nadella Announces Launch of SQL Server 2014

Shares of Microsoft

are vastly outperforming the Nasdaq in Tuesday's trading, up 1.5 percent to $39.77. News crossed the wires an hour ago the company has launched SQL Server 2014. At a customer event in San Francisco, Chief Executive Officer Satya Nadella outlined the company's path to deliver a platform for ambient intelligence. The stock has been outperforming in 2014, up 6.2 percent year to date. Share found support yesterday at $38.90, just below the 61.8% Fibonacci of March's range (39.02). So far, Tuesday's move has been on relatively low volume. Microsoft's monthly candle is bullish, the weekly candle is bearish, and the daily candle is bullish, giving traders mixed signals. However, the monthly candle generally hold more weight.