Bridgewater, MA -- (SBWIRE) -- 03/18/2013 -- Bridgewater, MA - The StockConsultant stock screener has found Microsoft Corporation (NASDAQ:MSFT) a stock under a bottom breakout watch.
Microsoft Corporation (NASDAQ:MSFT) founded in 1975 and headquartered in Redmond, WA is a company specializing in software, services, and computer hardware. MSFT stock price has been forming a base below the 28 resistance area over the past four months. The stock is currently under watch for a breakout above 28.32.
MSFT abbreviated support and resistance areas:
CURRENT PRICE 28.25, at resistance or support, 28.03 ± 0.28, type triple+, strength 10
RESISTANCE ABOVE +4.8% at 29.61 ± 0.3, type triple, strength 10
+6.8% at 30.18 ± 0.3, type single, strength 1
SUPPORT BELOW -3.2% at 27.36 ± 0.27, type triple+, strength 10
MSFT breakout details:
BREAKOUT WATCH for possible breakout above 28.32, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target: 29.72, 5.2% Stop: 27.77, Loss: 1.7%, Profit/Loss ratio: 3.1 : 1 - Excellent
Full MSFT stock report with charts and analysis
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