Watch These Microsoft Price Levels as Stock Surges on AI Cloud Growth
Key Takeaways
- Microsoft shares surged in extended trading Wednesday after the company issued quarterly results and guidance that topped Wall Street’s expectations. boosted by strong growth in its cloud business.
- The stock looks set to build on recent upward momentum after a successful retest of the top trendline of a falling wedge pattern, potentially setting the stage for a longer-term bullish reversal.
- Investors should watch two key overhead areas on Microsoft’s chart around $442 and $468, while also monitoring crucial support levels near $395 and $359.
Microsoft (MSFT) shares surged in extended trading Wednesday after the Windows maker issued fiscal third-quarter results and guidance that topped Wall Street’s expectations. boosted…
