| Technical Outlook MSFT and RIMM |
| Written by FlowTrades Blog |
| Saturday, 21 November 2009 00:25 |
|
Microsoft and Research in Motion price action have been going in opposite direction for the past few months. On one hand we have Microsoft that had a tremendous momentum run its stock price since early September, after finding support in the 50 day moving average. On the other side you have Research in Motion that after a disappointing earnings report has been trailing water and has drop way below its 200 day simple moving average that is now acting as resistance. Research in Motion still has been able to hold the gap it achieved back in April, so this is why $54.50 is a very important level to watch. If this level then the gap can get filled and you could see the upper 40s. Microsoft is bumping against a very strong resistance level at $30, and considering the fact that the trend in the software giant has been held by the 14 day moving average, making it a very strong trend, it can enter a consolidation period prior to breaking the important $30 level. FlowTrades is an online newsletter for informational purposes only. The service should not be considered as investment advice, endorsement of any security, or as an offer to buy or sell any security. FlowTrades.com is not a registered investment advisor, and doesn't provide individual investment advice. |
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New York, Nov 21 (TradersHuddle.com) – FlowTrades an online subscription service that increases confidence in trading stocks, by providing in-depth technical analysis of stocks with a simple to use system to lock up profits and limit losses released its technical trading outlook for Microsoft Corporation (NASDAQ:MSFT) and Research In Motion Ltd (NASDAQ:RIMM).
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