Some Traders Are Very Bullish on Microsoft Corporation (MSFT) After Forming Bullish Double Top Pattern

December 7, 2017 - By Dolores Ford

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.02, from 0.84 in 2017Q1. It dropped, as 39 investors sold Microsoft Corporation shares while 982 reduced holdings. 132 funds opened positions while 703 raised stakes. 5.53 billion shares or 0.72% more from 5.49 billion shares in 2017Q1 were reported.
Private Wealth Partners Ltd owns 269,013 shares. Allstate owns 121,681 shares or 0.45% of their US portfolio. Addison Cap holds 0.61% in Microsoft Corporation (NASDAQ:MSFT) or 11,130 shares. Mckinley Cap Mngmt Lc Delaware holds 2% or 772,455 shares in its portfolio. Redwood Investments Limited Liability Co accumulated 0% or 82 shares. Adell Harriman And Carpenter reported 140,704 shares. Buffington Mohr Mcneal reported 77,946 shares. Gam Ag owns 1.82 million shares. Moreover, Tcw Gp has 1.96% invested in Microsoft Corporation (NASDAQ:MSFT) for 3.42M shares. Clear Harbor Asset Mgmt holds 0.45% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 33,082 shares. The Washington-based Madrona Financial Limited Company has invested 1.04% in Microsoft Corporation (NASDAQ:MSFT). New Jersey-based Abner Herrman Brock Ltd Liability has invested 3.13% in Microsoft Corporation (NASDAQ:MSFT). Hoertkorn Richard Charles holds 4.43% or 97,076 shares in its portfolio. Harvey Inv Co Ltd Co reported 0.26% stake. 2.32M were reported by Montag Caldwell Limited Liability Co.

The chart of Microsoft Corporation (MSFT) shows a double top with $88.26 target or 7.00 % above today’s $82.49 share price. The 5 months chart pattern indicates low risk for the $636.38 billion company. It was reported on Dec, 7 by Finviz.com. If the $88.26 price target is reached, the company will be worth $44.55 billion more. Double tops are rare but powerful chart patterns.

The stock decreased 0.35% or $0.29 during the last trading session, reaching $82.49. About 17.44 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since December 7, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on January, 25. They expect $0.86 EPS, up 3.61 % or $0.03 from last year’s $0.83 per share. MSFT’s profit will be $6.63 billion for 23.98 P/E if the $0.86 EPS becomes a reality. After $0.84 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 2.38 % EPS growth.

Microsoft Corporation (NASDAQ:MSFT) Ratings Coverage

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 135 analyst reports since July 22, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Microsoft Corporation (NASDAQ:MSFT) rating on Wednesday, July 20. Stifel Nicolaus has “Buy” rating and $60 target. Canaccord Genuity maintained the stock with “Hold” rating in Friday, January 27 report. The company was maintained on Friday, October 27 by Stifel Nicolaus. On Friday, July 21 the stock rating was maintained by Barclays Capital with “Buy”. The firm has “Buy” rating given on Friday, July 21 by Stifel Nicolaus. Wunderlich maintained it with “Hold” rating and $55 target in Friday, January 29 report. The rating was maintained by Cowen & Co on Tuesday, October 31 with “Buy”. The stock has “Buy” rating by Barclays Capital on Friday, October 27. On Thursday, December 22 the stock rating was initiated by Piper Jaffray with “Overweight”. The stock has “Neutral” rating by Bank of America on Thursday, October 1.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Investorplace.com which released: “Microsoft Corporation Quietly Gives Up Smartphones” on November 21, 2017, also Investorplace.com with their article: “Is Microsoft Corporation Seeing a Top in Facebook and Selling $240M Stake?” published on November 17, 2017, Livetradingnews.com published: “Microsoft Corporation (NASDAQ:MSFT) Further to Fall” on December 05, 2017. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Investorplace.com and their article: “This is Definitely Not Bill Gates’ Microsoft Corporation” published on December 06, 2017 as well as Investorplace.com‘s news article titled: “Why Microsoft Corporation Stock Is More Reliable than Apple Inc. Stock” with publication date: November 27, 2017.

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