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Chief Market Strategist at SIA Wealth Management
Member since: Mar '24 · 330 Opinions
It had a huge sell-off a year ago, common for software companies. But in the last 4-6 months, it's quietly coming back. There are stops and starts, but the trend is positive. It's establishing support above $2,700, which is encouraging. First resistance is at $32,50. There's room for an upswing. It looks the worst is behind them, but it hasn't taken off yet.
He likes CDRs a lot to give him exposure to international stocks instead of going through the U.S. MSFT has had a nice rally after lows in April and July, a double bottom when the stock didn't fall lower. This has totally broken out of a downtrend. Is a top stock, a go-to in tech. Relative strength is good. Great support--it rallied, but didn't dip.