In Thursday trading, shares of Microsoft Corporation (Symbol: MSFT) fell below their 200-day moving average of $420.66, hitting a low of $406.30 per share. As a result, Microsoft’s stock is down approximately 5.6% for the day. The chart below illustrates the performance of MSFT shares over the past year alongside its 200-day moving average:
Analyzing the chart, we see that MSFT’s 52-week low is $339.65 per share, while the high is $468.35. This indicates that the last trading price of $407.36 is significantly below the yearly high. The data regarding MSFT’s moving averages was obtained from TechnicalAnalysisChannel.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
