Microsoft (MSFT) NewsBite - MSFT Hits 52-Week High
Posted: Monday, November 16, 2009 10:32 AM EDT
By: Market Intelligence Center Staff
Microsoft (NasdaqNM: MSFT) hit a new 52-Week high of $29.80 so far today. Currently the stock is up $0.11 (0.37%) to $29.74 on 7,292,018 shares traded. Today's high is up $14.87 from a 52-Week Low of $14.87. MSFT was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw111609 . Microsoft stock has been showing support around $29.18 and resistance in the $30.02 range. Technical indicators for the stock are neutral and S&P gives MSFT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MSFT the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 26 range. [ABR-Seven Summits Strategic Investments NewsBite]
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