Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Indicator Spots Opportunity for Short-Term Long Position in Microsoft

By

The stock is approaching oversold by these proprietary indicators.

PrintPRINT
MINYANVILLE ORIGINAL Back on November 30 we said that we would alert readers once Microsoft (NASDAQ:MSFT) reached an Approaching Oversold level so that they could consider starting a long position. While the name is rated a Strong Sell, you might have the opportunity for a short-term long position now that it is Approaching Oversold. Keep in mind, our countertrend indicator has three levels: Approaching Oversold, Oversold, and Extremely Oversold.


Click to enlarge
In terms of probability and confidence level, readers will take note of the fact that our countertrend indicator worked on Apple (NASDAQ:AAPL) when it approached an oversold level, as seen below.

Click to enlarge

To learn more about ChartLabPro's algorithm visit www.chartlabpro.com.

No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE