The Bull Market In Microsoft Corporation (MSFT) And Obsidian Energy Ltd. (OBE) Isn’t Dead Yet - GV Times

The price of Microsoft Corporation (NASDAQ:MSFT) went up by $1.6 now trading at $123.37. Their shares witnessed a 36.65% increase from the 52-week low price of $90.28 they recorded on 2018-04-25. Even though it is still -0.12% behind the $123.52 high touched on 2019-04-18. The last few days have been good for the stock, as its price has grew by 2.53% during the week. It has also performed better over the past three months, as it added around 16.26% while it has so far climbed around 27.92% during the course of a year. The stock of MSFT recorded 21.46% uptrend from the beginning of this year till date. The 12-month potential price target for Microsoft Corporation is set at $127.59. This target means that the stock has an upside potential to increase by 3.42% from the current trading price.

305 institutions entered new Microsoft Corporation (NASDAQ:MSFT) positions, 1539 added to their existing positions in these shares, 1420 lowered their positions, and 91 exited their positions entirely.

Microsoft Corporation (MSFT) trade volume has increased by 11.63% as around 26,866,957 shares were sold when compared with its 50-day average volume of traded shares which is 24,068,148. At the moment, MSFT is witnessing a uptrend, as it is trading 3.4% above its 20-day SMA, 7.95% above its 50-day SMA, and 13.21% above its 200-day SMA. The company runs an ROE of roughly 39.5%, with financial analysts predicting that their earnings per share growth will be around 14.03% per annum for the next five year. This will be compared to the 8.5% increase witnessed over the past five years.

The first technical resistance point for Microsoft Corporation (NASDAQ:MSFT) will likely come at $124.16, marking a 0.64% premium to the current level. The second resistance point is at $124.95, about 1.26% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $120.51, the lower end of the range. MSFT’s 14-day MACD is 1.61 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 74.83, which shows that its stock has been overbought. The 20-day historical volatility for the stock stands at 13.34 percent, which is low when compared to that of the 50-day’s 13.92 percent.

The shares of Obsidian Energy Ltd. (NYSE:OBE) has decreased by -0.4%, and now trading at $0.32 on the Wall Street in the intra-day deal, with their shares traded now around 2,262,198. This is a rise of 915,682 shares over the average 1,346,516 shares that were traded daily over the last three months. The stock that is trading at $0.32 went higher by 23.08% from its 52-week low of $0.26 that it attained back on 2019-04-03. The stock recorded a 52-week high of $1.24 nearly 332 days ago on 2018-05-22.

OBE stock has performed well over the past 30 days, as it added 9.64% while its price plunged by -19.85% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 12.04% over the last week. The stock’s 12-month potential target price is now at $1.46. This means that the stock price might likely increase by 356.25% from its current trading price. 0 out of 12 Wall Street analysts which represents 0% rated the stock as a buy while the remaining 66.67% rated it as a hold, with 33.33% of analysts rating it as a sell.

Obsidian Energy Ltd. (NYSE:OBE) has been utilizing an ROE that is roughly -15.3%, with stock analysts predicting that the company’s EPS for the next five years will go up by 9.3% per year, following the 18.4% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 11.61% above its 20-day SMA, 0.86% above its 50-day SMA, and -50.7% below its 200-day SMA. In percentage terms, the aggregate Obsidian Energy Ltd. shares held by institutional investors is 32.1%. 14 institutions jumped in to acquire Obsidian Energy Ltd. (OBE) fresh stake, 41 added to their current holdings in these shares, 54 lowered their positions, and 22 left no stake in the company.

The stock’s 9-day MACD is 0.02 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 66.42, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 56.42 percent, which is less when compared to that of the 50-day’s 71.78 percent. On the daily chart, we see that the stock could reach the first level of resistance at $0.33, sporting a 3.03% premium to the current level. The next resistance point is at $0.34, representing nearly 5.88% premium to the current market price of Obsidian Energy Ltd. (OBE). On the other hand, failure to breach the immediate hurdles can drag it down to $0.31, the lower end of the range.

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