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Benzinga
68 days

Microsoft's Golden Cross Ignites Breakout Rally - But Is A Cooldown Coming?

1. Microsoft's 50-day SMA surpasses 200-day SMA, signaling long-term bullish trend. 2. Stock reached a record high of $478.78, gaining 23% in three months. 3. Strong fundamentals match technical indicators; earnings beat expectations significantly. 4. RSI indicates overbought territory; a short-term dip may be expected. 5. Analysts target price rises to $517.93, underlining bullish outlook.

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FAQ

Why Bullish?

The formation of a Golden Cross and record high indicate a strong upward momentum, similar to prior bullish phases for tech stocks like MSFT during growth spurts.

How important is it?

The combined technical breakout and favorable earnings position MSFT for potential significant price movements.

Why Short Term?

Expect potential short-term volatility due to overbought indicators, although the long-term trajectory remains positive.

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