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Thursday, October 25, 2007 

Microsoft "MSFT"and Yahoo "YHOO"

Chart courtesy of stockcharts

Microfoft will be in focus tomorrow after posted a rise in quarterly profit, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game, sending its shares up more than 7% in after-hours at this moment. Looking at the daily chart above, stock broke out $31.73 to new 52 week high with a huge volume above daily average. In addition chart is showing a very bullish sign with 50 day moving average is about to cross on top over 200 day moving average to form Golden Cross. MACD is also on top of 0, and K line on top of D line, so as you can see there are a several indicators showing the stock is on the course to go higher. Following the reaction in after-hours tomorrow likely will open gap up.

Chart courtesy of stockcharts

Attention LONGS : YHOO closed for the first time since May above $31, one of the biggest resistances. Looking at the daily chart first target is now at $32.84.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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