Stock Of The Day – Does Classic Pattern In Microsoft Mean A Move Higher?

Shares of Microsoft Corporation MSFT are lower Tuesday. The stock has been consolidating and trading within a range for the past month. A classic ‘rectangle pattern' has formed on the chart.This pattern could have bullish implications and suggests that the shares may be about to head higher. This is why our team of technical analysts has made it our Stock of the Day.When a market is heading lower, it is because the bears or sellers overpower the buyers. There are more shares for sale than there are to be bo ...