Ahead of Microsoft's fiscal fourth-quarter results due out this Wednesday a sell-side analyst at Jefferies raised their price target to $240 form $200 and maintained their "Buy" rating. In the daily Japanese candlestick chart of MSFT, below, we can see a number of lower shadows last week suggesting that traders rejected the lower price. The On-Balance-Volume (OBV) shows a minor pullback, which at this point in time tells me that some traders may be reducing their long exposure ahead of earnings. Read More...
Microsoft Is Poised to Report Earnings – And for Substantial Gains
Ahead of Microsoft’s fiscal fourth-quarter results due out this Wednesday a sell-side analyst at Jefferies raised their price target to $240 form $200 and maintained their “Buy” rating. In the daily Japanese candlestick chart of MSFT, below, we can see a number of lower shadows last week suggesting that traders rejected the lower price. The On-Balance-Volume (OBV) shows a minor pullback, which at this point in time tells me that some traders may be reducing their long exposure ahead of earnings.
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