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Benzinga
113 days

Stock Of The Day: Will Microsoft Take The Entire Market Higher?

1. Microsoft's upcoming quarterly earnings could drive stock movement. 2. Current resistance level at $395 may influence MSFT's price direction. 3. A breakout above $395 may lead to significant upward momentum. 4. MSFT constitutes 6.22% of the S&P 500, impacting broader market trends. 5. Traders are closely watching for potential sell orders at resistance.

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Why Bullish?

Positive earnings could reinforce buyer confidence, leading to a breakout above $395. Historical data shows resistance can transition to support after breakouts.

How important is it?

The article discusses key earnings that can pivot MSFT's stock price. Investor sentiment is high as MSFT is a major index component.

Why Short Term?

Earnings report influences immediate price movement, with potential technical shifts soon after. Similar scenarios have seen stocks react strongly within days of earnings.

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