MSFT Keeps Climbing After Product Roll-Out

The security has been surging since last week's earnings report

Deputy Editor
May 6, 2020 at 2:04 PM
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Microsoft Corporation (NASDAQ:MSFT) has been on a roll lately, undoubtedly helped along by its late-April earnings report, with more technical support emerging at its 20-day moving average. The security is extending those gains into today, up 1.4% at $183.33, at last check, and pacing for its third consecutive win.

Today's pop comes after Microsoft unveiled several new products, including the Surface Go 2 -- a tablet that starts at just $399 -- and the Surface Book 3 -- a laptop with a convertible tablet screen. The tech giant also revealed its new Surface Headphones 2, and its Surface Earbuds, in direct competition with Apple's (AAPL) AirPods. 

Since we last checked in with MSFT, following its aforementioned fiscal third-quarter report, it's broken north of the pressure it was facing at the $180 level, which coincides with its late-February, pre-bear gap lows. The stock is making its way back towards its Feb. 11, all-time high of $190.70, and now boasts a 46% year-over-year gain. 

MSFT Chart May 6

Meanwhile, MSFT's Schaeffer's put/call open interest ratio (SOIR) of 0.76 sits lower than 32% of all other readings from the past 12 months. This means short-term options players have rarely been more call-heavy in the past 12 months. Drilling down, peak open interest sits in the front-month May series at the 170-strike call.


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