28.07.2016 - Microsoft quotations may fall in the near future
Price of Microsoft showed a sharp increase during which has reached resistance level at 56.60 but failed to overcome it and at the moment is consolidating below it. In case of overcoming of this level, we expect continued growth to 60.00 and 64.00. A more likely according to our estimates, in the near future will be decrease within the correction and the gap closing. In this case, the price will return to the support at 52.00. Our short-term outlook is negative.