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04/03/00 Microsoft Corp (MSFT)
Points to watch:
The fallout from the weekend breakdown of
settlement talks in the Microsoft anti-trust lawsuit is hitting Microsoft
shares hard in early European trading. The shares have tumbled 11.25
from their Friday close to support at 95, a level that provided support on
February 4th and acted as resistance throughout October.
Short term technicals remain strong,
with the exception of stochastics which has fallen below 65 from
overbought territory.
95 will be the key price to watch in
today's trading. If the stock fails to hold above 95 at the close, a
quick retest of the next support at 88.13 (the 2/28 intraday low) is
likely. Additional downside support is at 84.3-85.2, 81.6-82.7, and
78. Resistance will be at 100.8 and 102.5. |
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