MSFT rises on Middle East ceasefire

MSFT rises on Middle East ceasefire
Microsoft gains on ceasefire-driven optimism

​The ceasefire announced yesterday between the United States, Israel and Iran brought investor interest back to risk assets. That supported the stock market and, in particular, Microsoft shares, which posted a strong advance.

Against that backdrop, buyers retested resistance near the $374.00 level, while in premarket trading the stock had already reached $384.80. A clear breakout above the major resistance at $382.00 opens the way for further gains toward the $395.00-$400.00 range.

In the short term, Microsoft stock performance looks constructive. Any corrective pullbacks may be viewed as buying opportunities, with the next important resistance level seen around $412.00.

At the moment, there are no significant reasons for a broad selloff.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.