Microsoft (MSFT)

by | Oct 8, 2021 | Daily Trade Alerts

On October 1, we highlighted an opportunity in Advanced Micro Devices (AMD), as it traded at $102.45. Today, it’s up to $106.45. If AMD can now break above prior resistance around $108.44, it could potentially test its August high of $114.49.

We still like AMD at current prices.

In addition, Piper Jaffray analyst Harsh Kumar recently raised his price target on AMD to $120 from $110, with an overweight rating. The analyst also believes AMD is “very well positioned” as enterprise spending returns, as noted by TheFly.com.

As for new opportunity, take a look at Microsoft (MSFT).

Technically, the MSFT stock is oversold. After pulling back from double top resistance around $306, the stock pulled back to about $281.29, where it became wildly oversold on RSI, MACD, and Williams’ %R. The stock is now back to $296, and could retest prior highs of $306 again.

MSFT also just raised its dividend to 62 cents a share, or $2.48 annualized — payable on December 9. 2021 to shareholders of record on November 17, 2021. MSFT also just approved a new $60 billion buyback program.

Former Tech Executive: “A New Crisis is Brewing”

Jeff Brown called Bitcoin when it was just $240—giving his readers a chance at 270 times their money. He picked Tesla in 2018—before it soared over 1,400%. He called the #1 returning tech stock of 2016, 2018, 2019, and 2020.

But he’s no stranger to disaster… His firm also predicted the dot-com crash in 2000 and the housing bubble in 2008.

And now, he’s come forward to warn of a disturbing new trend… something that he calls a “Tech Shock.” An event which could derail the post COVID recovery—and send the NASDAQ and high-flying tech stocks into a tailspin.

Click to Hear His New Warning

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