Microsoft Tops $2 Trillion Market Cap: Where to From Here?

The Street2021-06-24

Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it go from here? Microsoft (MSFT) -Get Report topped a $2 trillion market cap on Tuesday, joining ...

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Kikiooi
2021-06-24
Kikiooi
Up up up
cat96
2021-06-24
cat96
Up
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Zlatan
2021-06-24
Zlatan
Upp
KAYUE
2021-06-24
KAYUE
Hi
Srchua
2021-06-24
Srchua
Wow
Gzong
2021-06-24
Gzong
Buy more!

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Where can it go from here?\n\nMicrosoft (MSFT) -Get Report topped a $2 trillion market cap on Tuesday, joining ...</p>\n\n<a href=\"https://www.thestreet.com/investing/microsoft-msft-stock-trading-2-million-market-cap\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSFT","symbol_name":"微软","start_time":0,"source_url":"https://www.thestreet.com/investing/microsoft-msft-stock-trading-2-million-market-cap","article_id":"1129922076","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129922076","pubTimestamp":1624518429,"columns":[],"sourceInfo":{"source_id":"lsy1610613172068","name":"The Street"},"weMediaInfo":null,"summary":"Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. 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On the flip side, others, like Apple and Amazon (AMZN) -Get Report havebeen biding their time.\nWhile Microsoft may not be included in FAANG, it might as well be given its size. The question now: Where does it go from here?\nAfter hitting its $2 trillion market cap, Microsoft received aprice target boost to $325from Wedbush analysts.\nThe company has its Windows event coming up on Thursday and earnings in about a month. Those may be potential catalysts. With that, let’s look at the charts.\n\nDaily chart of Microsoft stock. Chart courtesy of TrendSpider.com\nI love the way Microsoft has been trading. All year long, we’ve seen these big rallies gently top out, then give us a sharp yet mild correction into support.\nThose support levels have varied throughout 2021, but have generally been a combination of the 50-day and 21-week moving averages.\nMost recently in May and June, the 21-week moving average was strong support, generating significant rebounds on three different occasions. 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