Stock Of The Day: Is This The Bottom For Microsoft?

Shares of Microsoft Corporation (NASDAQ:MSFT) are little changed on Friday. That wasn't the case yesterday. They dropped by 10% after the company reported its earnings.Microsoft is our Stock of the Day. It may have found a bottom, and it could even reverse and move higher.As you can see on the chart, the shares found a bottom around $420. This wasn't a coincidence.Last May the stock gapped up to $420. This was about a 7.5% move. When this happened, many investors and traders sold shares. They thought it was ...