MSFT- Vert Tight Action
Since early 2019, Microsoft has been on a tremendous run, up close to 90%. While the FAANG stocks got lots of attention, Microsoft has been equally strong. After a sharp decline in February and March, Microsoft has been on a strong run the past ten weeks. I have been particularly impressed with its action over the past four weeks-very tight action on low volume. It is almost as if Microsoft is just patiently waiting for its 10-week moving average to catch up. Some sideways action is definitely possible in Microsoft, but I believe it is worth looking at a for a potentially strong move higher.
Full Disclosure: Microsoft is a stock I currently own.
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