Microsoft Corporation (NASDAQ:MSFT) has acquired BlueTalon

Microsoft Corporation (NASDAQ:MSFT) has acquired BlueTalon

Microsoft Corporation (NASDAQ:MSFT) has acquired BlueTalon

Microsoft said Monday that it has acquired BlueTalon, a start-up whose software can prevent people from accessing certain high-value data that companies keep. Terms of the deal weren’t disclosed.

Over time, the acquisition could help Microsoft’s campaign to get companies feeling more comfortable with the idea of keeping sensitive data in its Azure public cloud, which competes with Amazon and other companies.

The move continues Microsoft’s pattern of commercializing tools that fall outside of the company’s own technology stack. Microsoft derives revenue when people run the open-source Linux operating system in its cloud, despite its heritage as the maker of proprietary Windows. Microsoft now owns GitHub, a place where developers go to get and contribute to many open-source software projects.

BlueTalon has about 30 employees listed on LinkedIn. They are joining Microsoft’s Azure Data Governance group, BlueTalon CEO Eric Tilenius wrote in his own blog post.

“We began exploring partnership opportunities with various hyperscale cloud providers to better serve our customers, Microsoft deeply impressed us. The Azure Data team was uniquely thoughtful and visionary when it came to data governance,” Tilenius wrote.

BlueTalon was founded in 2013 and was based in Redwood City, California.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 145.72.

The projected lower bound is: 136.83.

The projected closing price is: 141.27.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 87.5406. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 67.23. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 23 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 116.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 9 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.

Rex Takasugi – TD Profile

MICROSOFT CP closed down -0.310 at 141.030. Volume was 29% below average (neutral) and Bollinger Bands were 35% narrower than normal.

Open     High      Low     Close     Volume___
141.500 141.510 139.366 141.030 16,605,870
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 138.74 133.27 116.85
Volatility: 15 22 33
Volume: 24,059,214 22,893,894 30,530,856

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

MICROSOFT CP is currently 20.7% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of MSFT.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on MSFT.O and have had this outlook for the last 33 periods.

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