Trading Strategies For Microsoft Stock Before And After Q4 Earnings
Portfolio Pulse from Melanie Schaffer
Microsoft Corporation (NASDAQ:MSFT) is set to release its Q4 2023 financial results after the market closes on Tuesday. Analysts estimate earnings per share of $2.55 on revenues of $55.47 billion. The stock has been rising ahead of the announcement, trading in a rising channel pattern. However, it's also settling into a possible bear flag, indicating potential bearish movement. The stock has resistance at $366.78 and $370, and support at $349.67 and $338.72.
July 25, 2023 | 7:15 pm
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Microsoft is expected to release its Q4 2023 results. The stock has been rising but shows signs of potential bearish movement. Resistance and support levels have been identified.
Microsoft's stock has been rising ahead of its Q4 2023 earnings release, indicating investor anticipation. However, the stock is also settling into a possible bear flag, which could suggest a potential bearish movement. The identified resistance and support levels will be key areas to watch following the earnings release. The impact on the stock will depend on whether the earnings meet, exceed, or fall short of analyst expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100