Shares of Microsoft Corporation (NASDAQ:MSFT) broke a major support trend line on Monday. The stock had been trading poorly in recent weeks when compared to the NASDAQ or S&P 500. Both these indexes have been making new all-time highs almost daily, but Microsoft has not been able to get close to new all-time highs. The breakdown signals a bigger move has started, with a downside target of $58.00. Investors are advised to sell the stock if they own it or sell-short if they are aggressive and wish to profit from the fall. The target of $58 is also a buy level for investors.
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