Microsoft collects profits - Analysis - 13-08-2018

Microsoft's stock fell in the intraday levels as traders collect recent short-term profits, while the stock gathers momentum to help it tackle the pivotal resistance of 111.15, marking a loss of 0.61% in the last session, or 0.67 points, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the Relative Strength Index, coupled with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, provided the resistance of 111.15 was breached, targeting the next one at 120.04.