Microsoft’s shares are on the run to the upside today after a series of positive catalysts.
The company extended its partnership with OpenAI, reinforcing its leadership in AI investments tied to ChatGPT and Azure. It also settled with the European Commission on long-running antitrust issues related to Teams, easing regulatory pressure by offering Office 365 without Teams and improving data portability. Finally, Microsoft and OpenAI signed an MoU to redefine their partnership as OpenAI transitions toward a for-profit model, with both sides expected to hold about 30% stakes.Together, these developments boosted investor confidence and lifted the stock.
Shares are currently up $11.06 or 2.21% to $512.03
Technically, Microsoft’s price has reclaimed its 100-hour moving average at $503.49 and is now testing the 200-hour moving average at $512.27. So far, today’s high has reached $512.45, just above that key resistance. A sustained break above the 200-hour moving average would signal further upside momentum, with the next target at the swing level of $518.29.
That level capped rallies on July 25 and July 29, just before the stock gapped higher on its earnings release. Microsoft went on to set an all-time high at $555.23 on earnings day but has since retraced, falling 11.2% to a low of $492.37 last Friday. On the move off of the high, initial buyers did lean against the $518.29 level increasing its importance today and going forward.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about microsoft technicals microsoft rebounds as shares retest key resistance at 200 hour ma was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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