1. MSFT rallied over 10% but gave back some gains Thursday. 2. It is seen as a strong contender among the Magnificent Seven stocks. 3. Microsoft exceeded its 40-day moving average, suggesting potential uptrend. 4. Resistance is anticipated around the $395 level from late March. 5. Sell orders may form at $395, impacting further price movements.
Microsoft's recent performance exceeding key moving averages indicates strong market interest. Historical trends show recovery attempts often follow similar technical signals.
The article reflects current market dynamics affecting MSFT's price action. The mention of technical indicators could influence traders' strategies significantly.
Immediate resistance levels at $395 will likely affect short-term trading decisions. Similar scenarios indicate quick price movements around previously established peaks.