Microsoft Corp (NASDAQ: MSFT) has had a lot of trouble since
their weak earnings report. The stock, which
typically trades relatively flat to the NASDAQ Index, has consistently shown relative weakness.
The 2 day 2 minute bars chart above gives a snapshot of MSFT's trending as of
late. The stock began down trending, then moved into an accelerated down trend. At the end of the trading session yesterday, MSFT was able to break
out of the accelerated down trend, but still must pass through the resistance of the first down trend in
order to break out of this funk. Our Classic Daytrading system has MSFT on
our list of potential stocks to short today.
Happy Trading,
Andy Swan
co-founder, DaytradeTeam
P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time.
SwingTrades.com offers Swing & Day Trading Strategies for the full or part-time trader.
Ken Matsumato, who succesfully runs the Swingtrades, is one of the most consistently profitable traders, often recording gains month after month. As of now, he is averaging 36.02% profit per month with Day Trading and 10.77% with Swing Trading Systems!
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