Technical Analysis – Microsoft consolidates at all-time highs; sellers grab the reins to rally down

Microsoft stock has been in a 7-month ascending channel since December but last week ran into a wall near the previous all-time high of 138.34 set two weeks ago. Sellers have picked themselves up and today started to push down. Although the bullish bias from the 21-, 50- and 100-day simple moving averages (SMA) is apparent, […]