REDMOND, Wash. – Microsoft Corp. (MSFT) shares demonstrated significant strength on Friday, closing the trading session with a powerful rally that brought the stock tantalizingly close to its 52-week high and set a positive tone for the week ahead.
The technology giant finished the official session at
7.75, or 1.58%. The day’s trading was characterized by strong buying pressure from the opening bell. After starting at $493.81, well above the previous close of
500 psychological barrier** to hit an intraday high of $500.13.
This peak puts Microsoft just shy of its 52-week high of $500.76, signaling strong bullish momentum and investor confidence in the company’s trajectory. Although a minor pullback occurred in after-hours trading, with the stock dipping 0.17% to $498.00, this appears to be routine profit-taking after a stellar run rather than a change in sentiment.
Outlook for Monday:
The outlook for Microsoft heading into Monday’s session is decidedly bullish.
The stock’s ability to not only rally significantly but also to breach the $500 level is a major technical and psychological victory for the bulls. The strong close near the day’s high indicates that buyers remained in control until the very end of the session.
Traders on Monday will be watching for the stock to make another attempt at the $500 level. A sustained break and hold above this price could provide the fuel for a test of the 52-week high at $500.76 and a potential push into new all-time high territory. Given Friday’s powerful performance, the path of least resistance appears to be upward for Microsoft at the start of the new trading week.
