Bridgewater, MA -- (ReleaseWire) -- 03/05/2013 --Breakout alerts for Microsoft Corp (NASDAQ:MSFT) and Qihoo 360 Technology Co (NYSE: QIHU)
StockConsultant.com provides automated stock consulting on over 6000 US equities. Each detailed stock report contains easy to use technical analysis indicators, charts, and news to fine tune stock entry and exits. Today’s stocks (NASDAQ: MSFT) and (NYSE: QIHU) came from our daily "Stocks to Watch" list and site's powerful stock screen for breakouts.
Microsoft Corp (NASDAQ:MSFT) founded in 1975 is a company specializing in software, services, and hardware that enhance to people's lives. MSFT for almost 4 months has been basing below 28 with accumulation increasing over the past 2 months from the 26 triple support area. Today the stock has confirmed a breakout above 28.29.
Abbreviated MSFT support and resistance map:
CURRENT PRICE 28.43, just above resistance, 28 ± 0.28, type triple+, strength 10
RESISTANCE ABOVE +4.2% at 29.63 ± 0.3, type triple+, strength 10
+7.6% at 30.58 ± 0.31, type triple, strength 3
SUPPORT BELOW -1.5% at 28 ± 0.28, type triple+, strength 10
-3.7% at 27.39 ± 0.27, type triple, strength 10
MSFT Breakout details:
BREAKOUT CONFIRMED breakout above 28.29, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target: 29.67, 4.4% Stop: 27.92, Loss: 1.8%, Profit/Loss ratio: 2.4 : 1 - Good
Full MSFT report with stock charts and analysis here:
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MSFT
Qihoo 360 Technology Co (NYSE: QIHU) founded in 2005 is a company specializing in Internet and mobile security products and is headquartered in Beijing, China. QIHU for the past 2 months has stayed within a narrow 30 to 33 price range. Recently the stock has come under good accumulation and today has confirmed a breakout above 33.45.
Abbreviated QIHU support and resistance map:
CURRENT PRICE 34.41, just above resistance, 32.71 ± 0.72, type double, strength 7
RESISTANCE ABOVE None.
SUPPORT BELOW -4.9% at 32.71 ± 0.72, type double, strength 7
-8.3% at 31.56 ± 0.69, type single, strength 3
-11.3% at 30.52 ± 0.67, type double, strength 6
QIHU Breakout details:
BREAKOUT CONFIRMED breakout above 33.45, no resistance in area just above.
Type: True breakout from double resistance.
Target: 36.95, 7.4% Stop: 33.05, Loss: 4%, Profit/Loss ratio: 1.8 : 1 - Fair
Full QIHU report with stock charts and analysis here:
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=QIHU
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