Microsoft Corp (MSFT) Down 1.4%, Crosses 20 Day Moving Average; Pin Bar Pattern Appearing on Chart

Microsoft Corp 4 Hour Price Update

Updated September 08, 2020 04:35 PM GMT (12:35 PM EST)

MSFT traders saw its share price fall -3.7% ($-7.92) over the past four hours of trading. To help put that in perspective, note that Microsoft Corp’s peers in the in the Business Services industry are down -1.11% on average during this time, while the broader Technology sector is down by an average of -1.53%.

Microsoft Corp Daily Price Recap

Microsoft Corp came into today down 1.4% ($3.05) from the open of the previous day, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 3.5% from the previous day (Sunday), and up 57.29% from Monday of the week before. Here is a daily price chart of Microsoft Corp.

MSFT

Microsoft Corp Technical Analysis

Moving average crossovers are always interesting, so let’s start there: 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 10 days Microsoft Corp’s price has gone up 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $MSFT have a long investment here will add more around the 200 mark. bullish long term. NFL play OPK check it out the testing company of the NFL and a virus play with big earnings coming double or more in price coming have a bless day

    CHARTBUSTER12