Buy Microsoft On Dips
This once former growth stock is trading more like a utility stock. Achieving consistent double digit gains in both top and bottom line results will be a challenge for the software giant. Never the less, the charts suggest that better days are ahead for MSFT. At $21.45, MSFT is trading above its 200 day moving average which stands just below $21. The 50 day moving average, or $19.75, is moving up and is also where support lies. Fundamentally, there are some promising developments for MSFT. They will be soon coming out with Windows 7, the next operating system to replace the very unpopular Vista. As the economy begins to slowly recover, companies will start spending more on technology. A good level to build positions on MSFT is at the 50 day moving average level.
This company is too big to fail.
Comment by spanishfly — June 3, 2009 @ 1:16 pm
Hopefully, they won’t make another Vista.
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Trackback by http://megaseo.100webspace.net/freeebay/ebay-money/ebay_money.html — August 6, 2009 @ 10:19 pm