Microsoft Corporation (NASDAQ:MSFT) Wants To Win App Creators

Microsoft Corporation (NASDAQ:MSFT) Wants To Win App Creators

Microsoft Corporation (NASDAQ:MSFT) Wants To Win App Creators

  • Microsoft’s .NET Core 2.0 is done and available for download as of August 14.
  • Simultaneously, Microsoft is delivering ASP.NET Core 2.0, Entity Framework Core 2.0 and the complete .NET Standard 2.0 specification.
  • Microsoft’s primary goal with .NET Core and .NET Standard was to make more of its application programming interfaces (APIs) consistent across the different versions of .NET.
  • Microsoft officials said the team has gone from 13,000 APIs in .NET Standard 1.6 to 32,000 in .NET Standard 2.0. Most of the newly added APIs are .NET Framework APIs, which means developers should have an easier time porting their existing .NET Framework code to .NET

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers. It also designs, manufactures, and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories, that integrate with its cloud-based offerings. It offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and it provides solution support and consulting services.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 75.69.

The projected lower bound is: 71.56.

The projected closing price is: 73.63.

MICROSOFT CP closed up 1.090 at 73.590. Volume was 18% below average (neutral) and Bollinger Bands were 33% narrower than normal.

Open    High    Low    Close    Volume
73.060    73.720    72.950    73.590    20,096,592

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period    50-period    200-period
Close:      72.48    71.49    66.03
Volatility:     17    19    17
Volume:    21,735,478    25,210,976    24,534,420

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 gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
MICROSOFT CP is currently 11.4% above its 200-period moving average and is in an upward trend. Volatility is 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 21 periods.

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 59.1434. This is not an overbought or oversold reading. The last signal was a sell 15 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 59.07. 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 16 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 103.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 1 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 sell 11 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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