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11/08/99 Microsoft Corp
Points to watch:
One to watch over the next few days.
The stock is currently trading down 5 in
pre-open trading in the wake of Friday's antitrust ruling.
The key support levels to watch over the
coming days will be:
| The 200 day moving average, now at
86.27: the stock tested and held the 200 day moving average during
its mid-October correction. MSFT has remained above its 200 day
M.A. since a brief dip below it in October 1998. |
| 85.06, the 62% retracement of the
August-September rally: the stock successfully held this level
during its October lows on 10/18 and 10/19. |
| August 10th lows at 81.63: If
the stock fails to hold this level a strong sell, or sell short,
signal would be given. On a break down below this support, a
quick move to the May lows near 76 would be in order. |
| Other points to consider: During
MSFT's rally attempt from the Ocober lows, both OBV and Money Flow
have remained in steep downtrends. |
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