07/30/24 07:48 AM EDT

CHART OF THE DAY: Manage Microsoft With Our Risk Ranges

Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

Microsoft (MSFT) pre-earnings tonight:

A) MSFT’s refreshed Risk Range™ Signal = $413-450
B) MSFT already broke immediate-term TRADE Signal Support of $444
C) MSFT already broke intermediate-term TREND Signal Support of $434

So, if you’re loaded to the gills Long MSFT purely on your “fundamental long-term view”, that’s fine, but it’s suddenly not working. Remember, risk happens slowly, then all at once.

CHART OF THE DAY: Manage Microsoft With Our Risk Ranges

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