Microsoft lost 2.12 percent yesterday as the company announced some management reshuffling. Steven Sinofsky, head of the company’s Window’s Unit, left yesterday. He was widely rumored to be the next CEO of Microsoft.
Technically speaking, a move lower can test 27.90 with a break lower testing the level at 26.00. Alternatively, should the market push higher, we see resistance now at 28.95. Above that is 30.00, with a break higher testing 31.00. DISCLOSURE And DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.