Microsoft Corporation shares trade close to a major resistance zone that is situated around 61.12 USD. This zone should be difficult to break through, which in turn suggests a corrective move ahead. Investors should open a short trade and target the $ 58.2.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Analysts covering this company mostly recommend stock overweighting or purchase.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 57.42 USD
Stock prices approach a strong long-term resistance in weekly data at USD 65.78.
Based on current prices, the company has particularly high valuation levels.
The firm trades with high earnings multiples: 26.29 times its 2017 earnings per share.
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