(Finance) – The stock is trading on the rise Microsoft which extended its stride, posting a 0.92% gain, after the tech company unveiled a new $60 billion stock buyback program. The software giant also announced it would raise its quarterly dividend by 10%.
On a weekly basis, the trend of American IT giant shows a more marked trend than the trendline of the Dow Jones. This demonstrates the greater propensity to purchase by investors towards Microsoft compared to the index.
Technically, the Redmond computer company is in a strengthening phase with resistance area seen at 440.7 USD, while the most immediate support can be glimpsed at 431.1. At the operational level, a continuation of the session is expected under the sign of the bull with resistance seen at 450.3.