Key Takeaways
- Microsoft shares extended their winning streak to eight consecutive days on Monday amid investor optimism about the tech giant’s prospects during the AI boom.
- The 50-day moving average looks set to cross above the 200-day moving average this week to form a golden cross—a bullish signal that predicts higher prices.
- Bars pattern analysis forecasts a price target of around $500 and projects that the current move higher could last until later this month.
- Investors should watch crucial support levels on Microsoft’s chart around $465, $448 and $430.
Microsoft (MSFT) shares extended their winning streak to eight consecutive days on Monday amid investor optimism about the tech giant’s prospects during the AI boom.
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