Microsoft: +1% in two days

Our analysts considered buying Microsoft stock on Friday, October 7. Thus, we published the question below in our mobile application:

Shares of Microsoft Corporation (MSFT) closed at $57.64 on Wednesday, October 5. Will Microsoft stock close above that price on Thursday, October 13?

According to Cindicator users, the probability for Microsoft to close above $57.64 on October 13 was 65%. Therefore, we decided to buy Microsoft stock at open on Friday, October 7. We went long at 9:49 AM at $57.6, and the stock climbed to $57.98 that day. However, we decided to hold our position longer (because it was a weekly signal). We closed half of the position at $58.36 and another half at $58.01 on Monday, October 10.

Overall, gross profit was more than 1%.

Happy trading,

Read more blog posts on our website.

Cindicator team

Risk Disclosure. Everything we post is for educational purpose only. Futures, options, equity and currency trading involves the risk of loss. Any opinions, news, indicators or other information contained in our blog is provided as general market commentary and does not constitute investment advice or recommendation to buy or sell any type of security, futures contract, or foreign exchange contract.

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