Microsoft has a clear path 15% higher from here, technician says $MSFT (via TradingNation)
"The stock, of course, having been where it has been, has a lot of support. Initially, it's right around $131. It doesn't mean it has to get back to that level, but it certainly would be very safe, in terms of preserving its uptrend on a pullback of that magnitude," said Stockton.
"The last breakout that we had from Microsoft on the chart yielded a very aggressive, and maybe too aggressive, long-term target of about $156 for Microsoft — so, that shows you potential upside when you don't have any resistance left on a chart," she added.Nancy Tengler, chief investment strategist at Butcher Joseph Asset Management, said the fundamentals also support more upside for Microsoft.
Azure, Microsoft's cloud computing platform, regularly reports double-digit revenue growth. In its most recent reporting stretch, ending March, Azure sales grew by 73%, the strongest growth of all its product and service segments.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
15 Amazon Prime Day Beauty Deals You Can't MissMascaras, creams, eyeshadow, and more up to 50 percent off.
Leer más »
15 Things That We THOUGHT Were Priceless But, Turns Out, They're Actually WorthlessUtterly gobsmacked.
Leer más »
The 15 Best Moments From Billboard's 'Growing Up Latino' SeriesTo celebrate the series' first anniversary, we've compiled the overall best 15 moments.
Leer más »
Brad Paisley Gives 15-Year-Old 'America's Got Talent' Contestant Sophie Pecora the Golden Buzzer: WatchOn Tuesday (July 16), the singer took the stage with her guitar to perform her new original, 'Misfits,' which discusses how words affect people and how social media portrays a fake image.
Leer más »
Britney Spears Reveals The 15-Minute Treadmill Workout She Doesn't HateBritney Spears Reveals The 15-Minute Treadmill Workout She Does to Stay in Shape
Leer más »