Microsoft (MSFT Stock) seasonals shine [Video]
|Microsoft shares have drifted lower since their last earnings report, despite beating on the headline print for both their EPS and revenue. If the slide in shares continues, where will dip buyers step in? Around the $220 mark?
One thing that dip buyers might want to note is that the seasonals for Microsoft are very strong right now.
Over the last 10 years Microsoft has not lost value once between May 23 and July 17. The average return has been +6.92% and the maximum return has been over 10% at 11.74%.
Does that mean Microsoft shares will gain again this year? Not necessarily, but these seasonals are worth at least being aware of.
Major trade risks: Any bad news for Microsoft stock would negate this outlook. A US recession would also impact the positive outlook for Microsoft’s share prices.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.