Microsoft Takes a Major Hit

Microsoft (MSFT) is getting hit hard today on news of a management shakeup. After beginning the session with a steep gap lower open, the shares are down more than 3.5% on the day. Volume pacing the decline is extremely heavy and will be the heaviest downside day of 2012 by the settle. This damaging breakdown has pushed the shares well below their October lows, which puts the stock on course for further downside. I believe a very low-risk buying opportunity will be the result.

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