Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Microstrategy Incorporated's stock (MSTR) spiked in the intraday levels and pierced the pivotal resistance of 347.00, marking a strong profit of 10.34% in the last session, or 35.42 points, and settling at 377.84, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 455.50, provided it settles above 347.00.
Expected trend for today: Bullish