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Microsoft (MSFT) Looks Good: Stock Adds 5.8% in Session

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Microsoft Corporation (MSFT - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $102.32–$115.61 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Microsoft. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Microsoft currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Another stock worth considering in the Computer - Software industry is SS&C Technologies Holdings, Inc. (SSNC - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MSFT going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

 


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