The big question for binary option traders is whether Microsoft Corporation (NASDAQ:MSFT) could continue its recovery and how strong the corrective moves will be.The present price of MSFT is $ 29.95 per share.
The current prices of Microsoft are far below the yearly highs of over $30 per share. On the other hand, binary MSFT is lately gaining some ground. Only, less than 2 months the company marked its lowest value of the year, below $27 per share.
The degree of the receovery is shown by the fact that MSFT is now above its ranges of MA – 50 ($29.67) and MA – 200 ($29.05), as this could be seen from the graph as well.
Moreover, some optimism for binary option traders is the fact that Microsoft is trading at hihger volumes, which shows investors interest. The internet giant is trading up 0.77%.
Furthermore, another point of positive news for binary analysts is that Microsoft is developing its new tablet, called Surface. According to the Microsoft CEO Steve Ballmer ” it will have a distinct place in what’s a broad Windows ecosystem.” This new product might additionally help MSFT to restore some of its previous positions.
- Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions.
- CEO – Steve Ballmer
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.