FEED the BULL

Welcome to Feed the Bull - A home for investment information and interaction.

Article

Microsoft Stalls Ahead Of Earnings

Posted, by inthemoneystocks on January 18th, 2012

Microsoft Corp (NASDAQ:MSFT) is one of the few tech stocks that are pulling back this morning. The stock is scheduled to report earnings tomorrow after the closing bell. It is important to note that MSFT stock has surged higher since November 25, 2011 when the stock was trading as low as $24.30 a share. Today, MSFT stock is trading lower by 0.10 cents to $28.15 a share. As most traders know, taking a position in a stock ahead of earnings is always very risky as the stock can go either way on the earnings release. Therefore, today's action in MSFT could simply be some profit taking ahead of tomorrow's earnings release. MSFT will have intra-day support around the $28.03 level and more around the $27.75 area.

READ MORE AT: 
http://bit.ly/xD2SaJ
Authored by, inthemoneystocks
Log in or register to post Private Message
Tickers:
MSFT | QLD | XLK
Tags:
, MSFT, XLK, QLD
Advertise with us

Add new comment

By submitting this form, you accept the Mollom privacy policy.