Microsoft Still a Good Buy
by Sam Collins 08/04/09
Microsoft Corp. (MSFT) -- The stock has been in a bull market since June 1, when it broke from a spread triple-top and ran to more than $24.
On July 13, I said, "Since [June 1], 'Mr. Softie' has succumbed to profit-taking and pulled back to $22 and its 50-day moving average, where it can be accumulated for long-term gains.
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"Traders may also want to grab shares since the trading objective is $26.
"Standard and Poor's ranks MSFT a 'five-star buy' with a 12-month price target of $29."
On July 20, I wrote, "I am raising both my near- and long-term objectives for MSFT to $29."MSFT should be a core holding in any technology portfolio.
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