Microsoft Sets Itself Apart From Large Cap Tech Stocks
Despite the recent pullback and relative under-performance hitting large cap tech stocks , Microsoft sets itself apart, resiliently trying to make new all time highs.
A look here in on multiple time-frames shows just how strong price action has been over the the past several weeks, months, and years.
Microsoft briefly set new intraday all time highs this morning, but couldn’t hang onto enough of those gains for a new closing high.
Meanwhile $AAPL $GOOGL $AMZN $FB are all 5%+ off their highs chopping around.
At 470 billion in market cap and the second largest weighting in the Nasdaq 100 $QQQ its one of the few existing market leaders that continues to act well.
We have no position in Microsoft at this time, but a breakout to new highs from this daily consolidation could change that.
Thanks for reading and good luck out there.
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