As Microsoft Stock Crashes Below Key Support Levels, Should You Buy the Dip?

Microsoft’s (MSFT) second-quarter financials were a classic “good news is bad news” paradox. While the multinational handily topped Street estimates for both profit and revenue, its stock still cratered 13% on Jan. 29, as cloud business growth failed to impress shareholders. The selloff has even pushed Microsoft stock decisively below its 50-day moving average (MA), indicating continued pressure could follow in the weeks ahead. More News from Barchart Following the post-earnings plunge, the tech behemo ...