Microsoft (MSFT) Closes Last Hour Up $0.53; Crosses 20 Day Moving Average, Moves Down For the 2nd Day In A Row, Pin Bar Pattern Appearing on Chart

Microsoft Corp Daily Price Recap

Microsoft Corp closed the previous day down 1.4% ($3.05); this denotes the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 3.5% from the day prior, and up 57.29% from the same day the week before. Let’s take a look at the daily price chart of Microsoft Corp.

MSFT

Microsoft Corp Technical Analysis

Notably, Microsoft Corp crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Microsoft Corp’s price has gone up 9 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to MSFT:

    $EA $MSFT $SPY ➤ IMO Look into calls (Once it's closer) EA's earnings report following the release of the new Xbox — Members being "forced" into EA Play if they finance… numbers will be through the roof.

    "Microsoft said the financing plans also include access to Xbox Game Pass Ultimate and EA Play"

    https://www.cnbc.com/2020/09/09/microsoft-xbox-series-x-price-release-date.html

    Towelie