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Microsoft Stock Heading Lower?
Posted on | May 16, 2011 | Comments Off
The following chart shows Microsoft (MSFT) approaching some new near-term lows:
If you’ve been waiting patiently to initiate a position in Microsoft, we’re approaching territories that might warrant pulling the trigger.
Our current target price for buying is at $20, but with this being a long-term play, it wouldn’t be crazy to buy in the $22-$23 range.