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Use This Chance To Buy Microsoft Corporation (MSFT), Bank of America Corporation (BAC) - The RNS Daily

A look at MSFT technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.37 point. Its trading volume has lost -18000000 shares compared to readings over the past three months as it recently exchanged 20475082 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 38920000 shares, and this is 0.53 times the normal volume.

Microsoft Corporation (NASDAQ:MSFT) dipped by -0.12% over the past three months which led to its overall six-month decrease to stand at -1.94%. The equity price sank -0.33% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 3.89% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 20.49% and is now up by 4.39% since start of this year.

The shares of Microsoft Corporation dropped by -8.74% or -$10.15 from its last recorded high of $116.18 which it attained on March 10 to close at $106.03 per share. Over the past 52 weeks, the shares of Microsoft Corporation has been trading as low as $83.83 before witnessing a massive surge by 26.48% or $22.2. This price movement has led to the MSFT stock receiving more attention and has become one to watch out for. It dipped by -1.11% on Wednesday and this got the market worried. The stock’s beta now stands at 1.24 and when compared to its 200-day moving average and its 50-day moving average, MSFT price stands 1.05% above and 1.21% above respectively. Its average daily volatility for this week is 1.85% which is less than the 1.85% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Microsoft Corporation (MSFT) with most of them predicting a $125.7 price target on a short-term (12 months) basis. The average price target by the analysts will see a 18.55% rise in the stock and would lead to MSFT’s market cap to surge to $956.58B. The stock has been rated an average 1.6, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 34 analysts that track Microsoft Corporation (NASDAQ:MSFT) and find out that 1 of them rated it as a Hold. 32 of the 33 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Bank of America Corporation (NYSE:BAC) currently stands at $28.73 after it went down by $-0.05 or -0.17% and has found a strong support at $28.55 a share. If the BAC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $28.36 mark would also be bad for the stock as it means that the stock would plunge by 1.29% from its current position. However, if the stock price is able to trade above the resistance point around $28.91, then it could likely surge higher to try and break the upward resistance which stands at $29.08 a share. Its average daily volatility over the past one month stands at 2.11%. The stock has plunged by 0.66% from its 52-weeks high of $28.54 which it reached on Dec. 03, 2018. In general, it is 21.13% above its 52-weeks lowest point which stands at $22.66 and this setback was observed on Dec. 24, 2018.

Analysts have predicted a price target for Bank of America Corporation (BAC) for 1 year and it stands at an average $33.13/share. This means that it would likely increase by 15.32% from its current position. The current price of the stock has been moving between $28.54 and $28.9. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $28. On the other hand, one analyst is super bullish about the price, setting a target as high as $38.

The BAC stock Stochastic Oscillator (%D) is at 40.49%, which means that it is currently neutral. The shares P/S ratio stands at 4.32 which compares to the 7.82 recorded by the industry or the 10.24 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 8.93, which is lower than the 11.01 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 46.9% over the past five years.

Analysts view Bank of America Corporation (NYSE:BAC) as a Buy, with 2 consensus rating. Reuters surveyed 31 analysts that follow BAC and found that 8 of those analysts rated the stock as a Hold. The remaining 23 were divided, with 23 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Bank of America Corporation (BAC) shares or sell it if they already own it.

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https://rnsdaily.com/2019/02/07/use-this-chance-to-buy-microsoft-corporation-msft-bank-of-america-corporation-bac/

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