Don't Ignore This Chart

Microsoft Fails at Resistance as OBV Sinks

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Microsoft (MSFT) is having a tough year already as the stock failed to clear resistance and moved sharply lower the last two days. Resistance at 27.75 stems from broken support and the November-December highs. The indicator window shows OBV moving steadily lower, which indicates continued selling pressure.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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