Watch These Microsoft Price Levels as Stock Continues Hitting All-Time Highs
Key Takeaways
- Microsoft shares on Thursday hit the latest in a series of record highs, boosted by Wall Street optimism about the company’s position amid the AI boom.
- After closing above the 50- and 200-day moving averages last month, the stock has traded higher within a narrow ascending channel on low volatility.
- The measured move technique, which calculates the distance of the ascending channel from its low to high and adds that amount to the pattern’s top trendline, projects an upside target of $565.
- Investors should eye key support levels on Microsoft’s chart around $468 and $425.
Microsoft shares (MSFT) hit another all-time high on Thursday, boosted by investor enthusiasm about the company’s position in the AI race.
On Tuesday,…
