Microsoft's Golden Cross Ignites Breakout Rally - But Is A Cooldown Coming?
Microsoft Corp MSFT just pulled off a classic chartist's dream – the Golden Cross – and the bulls are charging. On June 11, the stock's 50-day simple moving average (SMA) climbed above its 200-day SMA, signaling a long-term bullish trend.The very next day, Microsoft stock punched through resistance to hit a record high of $478.78, building on a three-month gain of 23% and crushing the S&P 500's modest advance in the same period.Chart created using Benzinga ProMomentum Overload: Technicals Flash Bullish – Wi ...