Microsoft

It seems like Microsoft, MSFT, isn't very popular these days. Some of the reason is probably the range they've been stuck in. Below is their chart since 2004.

www.freestockcharts.com

They have a low of around 14.90 and a high of around 37.50. Most of the price action is in the 21.40 to 31.70 range. They're currently trading under their 100 week and under the 34 week river. The interesting thing is the floor they seem to have made at 26.30. There's a little bit of historical confirmation, not as much as I'd like but enough to trade off of I think. I have the older hits on that level marked with arrows. Notice how it acted as resistance rather than support. Resistance turns into support when the stock starts to change trends. Not that there's really a trend here to change. MSFT has been trading sideways since they fell off their highs in 2000. Because of that no one pays them any attention anymore. Who wants to be in a sideways stock? There are a few potential trades setting up here though. Buying a confirmation of the bounce off 26.30 is the shorter term trade. Then there's the trades that might come up in the future, buying a break out of their top level at 33 is the main one there. I'm not going to take any guesses as to when or even if they'll break 33. One last thing I want to mention before I give some possible trading points. Look at the high and low areas marked by text. You can see a rising top and a rising bottom. That doesn't necessarily mean anything but it's definitely something to watch. Continued rising highs and rising lows would be a good indication to take a long term long position. I marked one low point as "? Low" because it came before the downward fall to 14.90. That makes me not want to include it with the other high/low markers since its partially invalidated but its still worth mentioning.

Entry1: 28.00 (note that this is inside the river so there is a higher level of risk)
TP: 31.20
SL: 27.30 or 26.00 (under the 100 week or under the current floor)

Entry2: 29.30 (on top of river to help minimize potential losses)
TP: 31.20
SL: 27.30

The longer term one I mentioned doesn't really have any entry/exits and could be taken at any level as long as the highs and lows continue to rise. Right now could be an alright entry for the long term, I would use the stop-loss from the first trade.

Do your own research before taking any position. I do not currently own any MSFT and do not plan on buying any within the next 72 hours.