Microsoft Corporation (NASDAQ:MSFT) has the attention of the trading community. Despite the recent chaos in the market, shares of Microsoft have remained in a narrow trading range.
This is unusual action.
Usually when the market is volatile, so is the stock of Microsoft. This could give insight into the future direction of the market.
See Also: This Is What Whales Are Betting On Microsoft
If Microsoft makes a decisive move higher or lower, there’s a chance other stocks follow. This could add momentum to either a new uptrend or downtrend.
A large number of Microsoft traders are on the sidelines now, but they may not be for much longer.
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