Watch These Microsoft Price Levels as Stock Closes Above $500 for First Time

Key Takeaways

  • Microsoft shares hit another record high on Wednesday as the tech giant’s market capitalization moves closer to $4 trillion. 
  • After bottoming out near the 200-week moving average in early April, Microsoft shares have remained in a strong uptrend, gaining in 12 of the past 14 weeks.
  • Bars Pattern analysis forecasts a potential bullish target of around $565 and indicates the current move higher may last until early September.
  • Investors should watch crucial support levels on Microsoft’s chart near $468 and $425.

Microsoft (MSFT) shares hit another record high on Wednesday as the tech giant’s market capitalization moves closer to $4 trillion. 

The company’s market cap trails only that of Nvidia (NVDA), which briefly…

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