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MSFT Still Shows Bullish Signs Despite PC Decline -

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Apr, 21st 11:10


Microsoft Corporation is expected to report another strong quarter as it makes slow but steady gains. Positive feedback from resellers has increased analysts’ confidence that the gains Microsoft has made in cloud computing and the introduction of Windows 10 will offset the negative effect from the declining PC market. On the daily chart MSFT dropped to 55.58 at the close of the last session. Despite that, the stock is likely to continue being bullish, as ADX has risen to 29.40 with DI+ above DI-.

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