MICROSOFT CORP
(MSFT-Nasdaq):
Technical Viewpoint: From a low
of $75 1/2 on May 26, 1999 prices
rallied, reaching a
high of $80 7/8
on May 28, 1999. A
decline saw prices pull back, reaching a
low of
$76 1/8 on Jun 3, 1999.
Another rally saw prices penetrate
resistance, closing 6/9/99
at $82.31. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 26, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $76 1/2. Resistance: Is at $88 3/4.
Point & Figure: Reversed to the upside on Jun 7, 1999. A P&F upside
reversal takes place at $78.00. Summary: Technical indicators have turned bullish. BUY! MICROSOFT CORP
(MSFT-Nasdaq) @ $82 3/4 Stop: Use a protective stop of $79 7/8.
MICROSOFT CORP is currently trading @ $82.31 plus $2.93 on Jun 9, 1999. Price Objective:
$122.00. Risk/Reward: $2 7/8 VS. $39 1/4. Today's Risk Reward Ratio: 13:1
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