Microsoft Is Becoming Very Attractive
The steep slide that Microsoft (MSFT) has been caught in since the September highs is about to yield a very low-risk buying opportunity.
Shares are off another 1.25% today, pushing the decline from the November peak to over 10%. The most recent leg down, which reversed a healthy bounce off the $28.00 area, has attracted some very heavy selling. The collapse on the Nov. 13 dropped the stock over 4% on the heaviest downside trade in well over a year. Days later, Microsoft reached an extremely oversold level but has not been able to mount much in the way of a recovery. I believe, after a dip to fresh 2012 lows, the stock will be sold out and set up for a rebound....191 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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