After soaring 149%, this stock is back in our AI’s favor - & already +25% in July
The leading tech stock Microsoft Corporation (NASDAQ:MSFT) confirmed that it would buy software company Mojang AB for $2.5 billion. Mojang AB is the company that brought the popular Minecraft video game to market. Microsoft Corp is hoping to boost its Xbox video game console with the acquisition. Today, Microsoft Corp stock is trading lower by 0.34 cents to $46.36 a share.
Day traders should watch for solid intra-day support around the $45.90 area, a level where the stock is likely to stage a bounce today.
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