Chart of the Day: Revisiting Microsoft (MSFT)

Posted by Ian Cooper | Sep 13, 2023 | Chart of the Day | 0 |

We’ve mentioned Microsoft (MSFT) a few times lately.

And that’s because analysts continue to praise the stock.

According to analysts at Citi – who have a $420 price target—artificial intelligence-related events could send the stock higher. “These include general availability and monetization of flagship generative AI products such as CoPilot, better Azure data, and a stabilizing PC market,” as noted by Seeking Alpha.

Here's how to exploit volatility and boost your trading potential. Click here for a one minute video.

Helping, company CFO Amy Hood has again said “Generative artificial intelligence tools will reach $10 billion in revenue faster than any other business in the software business’s history,” as noted by Barron’s.

After finding strong support around $310, MSFT has been pushing higher. It last traded at $337.94, and could potentially refill a bearish gap around $350 shortly.

Sincerely,

Ian Cooper

About The Author

Ian Cooper

Ian Cooper is an expert options trader with decades of experience, and a special talent for predicting big market moves. Together with TradeWins Publishing, Ian shares exactly how you can follow in his footsteps to potentially find huge profits in today's markets.