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stock Breakout for day trading

advertise 2 ۩  Daily market forecast
 
Stock : MSFT |   Stock Recommendations : Buy
Sector : Software |   First resistance : 22.53
Stock Name : Microsoft Co |   Second resistance : 23.50
Buy Near : 21.31 |   Third resistance : 26.67
StopLoss : 20.91 |   First Support : 20.91
Posted date : 6/5/2009 1:32:46 AM |   Second Support : 19.54


Technical Stock research Yesterday Microsoft (MSFT) given a breakout of reverse head and shoulder pattern beside that ADX also indicating up word move for Microsoft (MSFT), rate of change (ROC) got upward momentum with increasing relative price index (RSI).

   Stock investing with chart pattern Head and solder is a best chaise and as per technical view Microsoft (MSFT) in a short term up trend. You can use Microsoft for day trading also.

As per head and shoulder theory for Microsoft our up side target is $26.67. So built position with target $26.67 and consider base line as a stop loss ($20.91)




Portfolio stock



Recent News Head Lines
Zoom Transforms Hype Into Huge Jump in Sales, Customers
(Tue, 02 Jun 2020 21:10:04 +0000)
(Bloomberg) -- Zoom Video Communications Inc. reported quarterly sales that leapfrogged estimates, showing that a surge in demand for its video-conference service during the coronavirus pandemic has translated into more paying customers. The company also about doubled its annual revenue forecast.Revenue increased about 170% to $328.2 million in the period that ended April 30, the San Jose, California-based company said Tuesday in a statement. Analysts, on average, expected $203 million, according to data compiled by Bloomberg. Profit, excluding some items, was 20 cents a share, compared with analysts’ average projection of 9 cents.Zoom projected sales of as much as $1.8 billion in the fiscal year, from a forecast of as much as $915 million in early March. Analysts estimated $930.8 million.Chief Executive Officer Eric Yuan has tried to ensure that his virtual-meeting platform can cope with a swell of demand from people forced to remain home to prevent the spread of Covid-19. While security and privacy issues plagued the system early in the quarantine, Zoom has become an essential social network, attracting more than 300 million participants some days, up from 10 million in December. The software maker allows gatherings of as long as 40 minutes for no charge. While Zoom has attracted more buzz than corporate rivals, its ability to attract more paying customers will determine how well it’s faring against competition from Microsoft Corp., Cisco Systems Inc. and Alphabet Inc.’s Google.Shares increased 4% in extended trading after closing at a record $208.08 in New York. The stock has more than tripled this year.Zoom said it ended the quarter with about 265,400 customers with more than 10 employees, a more than fourfold increase from the same period a year earlier. The company now has 769 corporate clients that have spent more than $100,000 on Zoom’s products over the last 12 months, about double from a year earlier.The company said its expects adjusted profit in the fiscal year will be $355 million to $380 million, or $1.21 to $1.29 a share. Analysts had estimated 46 cents, just more than Zoom’s earlier forecast. The company has been spending to bolster its network capacity, including by buying cloud-computing services from Oracle Corp. during the pandemic. Zoom also continues to use Amazon.com Inc.’s cloud service.With Zoom’s popularity has come controversy over the company’s security practices. Trolls have invaded myriad meetings, religious gatherings and other events, to share pornography and shout profanity or racial epithets, in a phenomenon known as “Zoombombing.” The company highlighted or created a raft of tools users can employ to prevent the virtual attacks, including passwords and waiting rooms.There also were instances when Zoom calls were routed through servers in China even when no participant was based there and users were unwittingly sending metadata to Facebook Inc. when they signed in. Zoom put an end to both practices. The company pledged to commit to bolstering privacy over all other concerns for three months, purchasing a secure-messaging company, Keybase, to bring the highest standard of encryption to the platform, and hiring cybersecurity experts to guide safety efforts.(Updates with profit forecast in the seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Why Skype will likely never be able to dethrone Zoom
(Tue, 02 Jun 2020 20:30:00 +0000)
Zoom is easy to use and doesn’t require integration with other software products, as Microsoft’s Skype does.
Microsoft Seen Beating Apple To $2 Trillion Market-Cap Milestone
(Tue, 02 Jun 2020 20:22:46 +0000)
Microsoft could reach a market cap of $2 trillion in two years, an analyst said Tuesday. The prediction comes a day after another analyst said Apple could hit the milestone in four years.
American Pie
(Tue, 02 Jun 2020 19:24:34 +0000)
One of my favorite songs of all time is Don McClean’s 1971 hit, 'American Pie.' He tells the story of the aftermath of the plane-crash loss of his favorite music makers Continue reading...
8 Bankrupt Companies That Came Back
(Tue, 02 Jun 2020 19:04:16 +0000)
These companies went bankrupt. Now they're even more profitable and successful. Here's how these 8 bankrupt companies came back.


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