MSFT A Good Time to Buy

MSFT stock chart from Freestockcharts.com

MSFT (Microsoft) has recently setup in a good buy area. MSFT has been on a steady incline since November 2011 and has come down to a nice level this week. Stochastics and RSI have crossed to the upside indicating this stock is ready to show some strength. MACD is still horizontal but looks like it'll soon turn up. MSFT is above the 200 day moving average, but below the 20 and 50 day moving average; it's really close to make a cross above soon. Parabolic SAR is indicating there is still a downtrend and Bollinger bands are getting tighter. We may still see some sideways movement before it starts going higher an maybe even a small pull back from Friday's nice move up. If it decides to pull back we may see it come down somewhere between $30.50 and $30.20. The upside of MSFT can be really rewarding, with a short term price target of $33, and analysts have placed a 12 month price target of $37.

If that doesn't get you excited, MSFT also pays its investors a 2.57% dividend yield, that's $.20 per stock each quarter. Microsoft also owns a small share of Facebook, about 1.6% or $1.36 billion. With Facebook's upcoming IPO on May 18th, lots of people are going to try to get in on the action. There's a pretty good chance that FB (Facebook) will do well in the future, which could positively impact Microsoft's stock. Good luck and happy trading!

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