Microsoft Jumps 4% But We’re Not Buying

Microsoft five year chart

Five Year Microsoft (MSFT) Price Chart (click chart to enlarge)

Microsoft (MSFT) shares were the biggest mover on the Dow Jones Industrial today trading as high as 4%  before closing up 3.57% to $29.61 per share to lead the Dow Jone to another all-time high of 14,673.

The relatively strong move for the company comes on the news of a coordinated attack on Google (GOOG) by Microsoft,  Nokia (NOK) and Oracle (ORCL) as well as a number of other technology companies to put pressure on the EU to curtail Google’s search and Android dominance in the region.

“Google is using its Android mobile operating system as a Trojan horse to deceive partners, monopolize the mobile marketplace and control consumer data,” said Thomas Vinje, the group’s Brussels-based lawyer. Read the full details of the news story here.

SiAlpha triggered a short-term Positive Signal on Microsoft last month as it moved off the $27 range with a short-term price target of $30 a share. However the reward-to-risk ratio on Microsoft at current levels is insufficient with SiAlpha triggering a Negative rating in the short-term.

Order a detailed quantitative research report on Microsoft shares to learn more.