On Jan. 24, we mentioned Microsoft, as it traded at $242.58.

At the time we noted, “Microsoft (MSFT) is attempting to break higher again. In fact, if it can break above current resistance, it could test $250 next. We want to be well-positioned for when that happens.”  The stock is now up to $271.32 and racing higher.

Helping, TheFly.com just noted, “Morgan Stanley analyst Keith Weiss calls for accelerating EPS growth at Microsoft in each of the next five quarters from the Q2 trough, citing easing comparisons, price increases, waning foreign exchange headwinds and decelerating operating expenses. Refining its cloud and overall bottom-up gross margin models exiting Q2 makes Q3 look achievable, said the firm, which keeps an Overweight rating and $307 price target…”

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Just be careful if you buy shares of MSFT at the moment. Not only is it challenging overhead resistance, it’s over-extended on RSI, MACD, and on Williams’ %R.


Ian Cooper