MSFT has good fundamentals and is in a renewed up-trend as-is SPY which is a bullish sign for MSFT.
However, MSFT has a high deviation of the 20MA from the 50MA. If that should begin to narrow we could see at least a short term pullback.
However, MSFT has a high deviation of the 20MA from the 50MA. If that should begin to narrow we could see at least a short term pullback.
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MSFT also has earnings coming this week.
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SPY dragged it down a bit. Daily Chart suggests a short term pullback. Maybe to 281.97
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Took awhile, but we got there.