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Microsoft Leads Tech into 2016

12/31/2015 7:00 am EST


Bob Lang

Founder & Chief Analyst, Explosive Options

Bob Lang, of, takes a technical look at this tech stock that many traders consider “old.” However, as Bob also points out, “sometimes boring is profitable and a worthwhile investment.”

Microsoft (MSFT) is one of those old tech names that many traders consider boring. Well, sometimes boring is profitable and a worthwhile investment. The stock is up strong for 2015 and it even reached a multi-year high a week ago. Volume trends are strong as institutions accumulate the stock and relative strength is impressive (the stock pulls higher when the market is weak).

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What is most impressive about Microsoft is the fact it is basing at a high level, often a sign that the next move will be upward. The MACD is about to flash another buy signal and this bodes well for a strong stock performance in 2016.

Microsoft (MSFT) Video Chart Analysis

Take a deeper dive into the chart action on Nasdaq: MSFT and learn how to read the technicals and analysis as Bob Lang marks up the chart of the week.

By Bob Lang of

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