Enterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot. Since then, Microsoft stock has now lost support at a key technical level, the 50-day moving average. Shares also experienced heavier selling pressure after an Oppenheimer research analyst reduced his forecast for Microsoft's Azure cloud computing revenue for the fiscal year ending in June 2025. Read More...
Enterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot. Since then, Microsoft stock has now lost support at a key technical level, the 50-day moving average. Shares also experienced heavier selling pressure after an Oppenheimer research analyst reduced his forecast for Microsoft’s Azure cloud computing revenue for the fiscal year ending in June 2025.
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