Everything is pointing to a prolonged bullish trend for Microsoft!
Microsoft's stock chart just flashed a bullish signal for a software comeback
Software stocks are shaking off AI jitters as Microsoft shares break above their 200-day moving average. Shares of Microsoft broke above their 200-day moving average for the first time since January.Microsoft's stock momentum suggests that the software sector may be staging a lasting recovery from the artificial-intelligence selloff.On Monday, shares of Microsoft rose 2% to break above their 200-day moving average for the first time since Jan. 7, according to Dow Jones Market Data. The 200-day moving average, calculated by taking the average of a stock's closing price over the past trailing 200 sessions, can point to long-term stock trends. A breakout above the benchmark typically signals bullish momentum.For Microsoft, crossing this milestone could indicate that the stock is shrugging off AI fears. Microsoft's price action is an encouraging signal that the recent software rally is "durable," Evercore ISI analyst Kirk Materne pointed out in a Monday note.The company is hosting its Mic
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