Updated from Jan. 28
By Stockpickr Guest Columnist Ira Krakow
," I discussed how
technical analysis can pinpoint short-term trading opportunities even in a beaten-up stock such as
Bank of America
In this article, I will introduce Bollinger bands, a more-sophisticated technical analysis tool based on the moving average. Bollinger bands can show when the stock price is ready to break out, either sharply upward or downward, or whether the price is lazily churning without any clear movement either up or down.
Let's use this tool to determine if
is in a serious downtrend or if recent news has created a buying opportunity.
To read more,
In midday trading, Microsoft was recently trading at $17.25 per share (down 1.82% for the day; down 11.16% year-to-date).
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