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Microsoft Is Headed for a Pullback — and a Buying Opportunity


NEW YORK (TheStreet) -- Microsoft (MSFT - Get Report) have been on a tear of late --at yesterday's close, the stock had completed its sixth straight gain, rising just shy of 10% in the process -- but it appears to be headed for a pullback.

Microsoft was able to power past heavy moving average resistance as last week came to a close, but after further gains this week, the upside momentum appears to have faded. For patient investors, this will likely lead to a healthy pullback -- and with it a low-risk entry opportunity.

At this morning's early peak, Microsoft had stretched its powerful rebound off the August low to a 20% gain. Last month the stock remained in a...