Five Year Microsoft (MSFT) Price Chart (click chart to enlarge)
Microsoft (MSFT) shares were the biggest mover on the Dow Jones Industrial today trading as high as 4% before closing up 3.57% to $29.61 per share to lead the Dow Jone to another all-time high of 14,673.
The relatively strong move for the company comes on the news of a coordinated attack on Google (GOOG) by Microsoft, Nokia (NOK) and Oracle (ORCL) as well as a number of other technology companies to put pressure on the EU to curtail Google’s search and Android dominance in the region.
“Google is using its Android mobile operating system as a Trojan horse to deceive partners, monopolize the mobile marketplace and control consumer data,” said Thomas Vinje, the group’s Brussels-based lawyer. Read the full details of the news story here.
SiAlpha triggered a short-term Positive Signal on Microsoft last month as it moved off the $27 range with a short-term price target of $30 a share. However the reward-to-risk ratio on Microsoft at current levels is insufficient with SiAlpha triggering a Negative rating in the short-term.
Order a detailed quantitative research report on Microsoft shares to learn more.