Microsoft Corp.(NASDAQ:MSFT), the heavyweight of Big Tech, has hit a grim milestone in technical analysis: aDeath Cross.
With its share price slipping below key moving averages, MSFT stock has moved into bearish territory, casting doubts on its near-term prospects. Is this just a blip for the software giant, or the prelude to deeper woes?
Chart created using Benzinga Pro
MSFT Stock: Bearish Signals All Around
At $418.19, MSFT stock price trails its 20-day, 50-day and even the 200-day simple moving averages (SMAs). Technical indicators are sounding alarms:
- The 20-day SMA at $418.73, the 50-day SMA at $421.65 and the...
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