Science & Technology
Science and Technology
Science and Technology
Thu, January 8, 2009
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Schaeffer's Street Stories: Microsoft Corporation Shares Drop After a Price-Target Revision
CINCINNATI--([ BUSINESS WIRE ])--Shares of computer giant Microsoft Corporation (NASDAQ: MSFT) are off nearly 3% today, after Jefferies cut its price target from $28 to $26, but kept its "buy" rating. Today's performance is nothing new for the world's No. 1 software company, as the shares have slipped 46% from their November 2007 high.
The equity is seeing some support in the 19-20 region, but resistance from its descending 60-day moving average could pressure the shares below this level.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/microsoft+corporation+shares+drop+after+a+price-target+revision/observations.aspx?click=home&ID=90309 ]
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