World News – US – Earnings Play: Microsoft

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Jason lubin
October 27, 2020 3:25 PM

Today, after the market, Microsoft (MSFT) is expected to post first quarter EPS of $ 1.55 vs. $ 1.38 last year on revenue of around $ 35 7 billion vs. $ 33 1 billion a year earlier. company develops and licenses software, and its expected change based on month one options is 46% The last time the company reported profit, the stock fell 44% Technically speaking, on a daily chart, Microsoft’s share price recently collapsed to the downside of a short-term bullish channel that began to form in mid-September after the price rebounded from the 19625 support level RSI is below of its neutral zone of 50 and seems to confirm the price action with a lower high achieved in mid-October compared to the last peak in early September Microsoft will likely continue to fade until the price hits its 19,625 support level Prices will likely find support at 19,625 and rebound to its last high of 22,525 If the price can get above 22,525 then its next target would be the all-time high around 23,275 If the price can break the all-time high, its next target would be 26025 On the other hand, if the price breaks out and closes below its 19,625 support level, that would be a bearish signal that could push the price down more towards the 17500 support level
Source: GAIN Capital, TradingView

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Microsoft Corporation, NASDAQ: MSFT