82
Microsoft shares are trading higher, extending their stride with a 0.92% gain, after the tech company unveiled a new $60 billion share buyback program. The software giant also announced it will raise its quarterly dividend by 10%.
In comparison on a weekly basis, the trend of the American IT giant shows a more marked trend than the Dow Jones trendline. This demonstrates the greater propensity to buy by investors towards Microsoft compared to the index.
Technically, the Redmond IT company is in a strengthening phase with a resistance area seen at 440.7 USD, while the most immediate support can be seen at 431.1. At the operational level, a continuation of the session is expected in the name of the bull with resistance seen at 450.3.