Travel & Leisure 
Schaeffer's Street Stories: Microsoft Corporation Shares Drop After a Price-Target Revision
CINCINNATI--([ BUSINESS WIRE ])--Shares of computer giant Microsoft Corporation (NASDAQ: MSFT) are off nearly 3% today, after Jefferies cut its price target from $28 to $26, but kept its "buy" rating. Today's performance is nothing new for the world's No. 1 software company, as the shares have slipped 46% from their November 2007 high.
The equity is seeing some support in the 19-20 region, but resistance from its descending 60-day moving average could pressure the shares below this level.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/microsoft+corporation+shares+drop+after+a+price-target+revision/observations.aspx?click=home&ID=90309 ]
Similar Travel and Leisure Articles
[ Tue, Jan 06th 2009
] - Market Wire
[ Mon, Jan 05th 2009
] - Market Wire
[ Tue, Dec 30th 2008
] - Market Wire
[ Mon, Dec 29th 2008
] - Market Wire
[ Fri, Dec 19th 2008
] - Market Wire
[ Thu, Dec 18th 2008
] - Market Wire
[ Wed, Dec 17th 2008
] - Market Wire
[ Wed, Dec 17th 2008
] - Market Wire
[ Wed, Nov 19th 2008
] - Market Wire
[ Tue, Nov 18th 2008
] - Market Wire