MSFT: No Pre-Earnings Run

Microsoft reported today after the market close. Unlike many other big blue chip companies, MSFT didn’t have a pre-earnings run up by professional traders. There was no tight compression or consolidation in the technical patterns. There were no strong white candles forming a run ahead of the earnings report. This is a stock traded mostly by retail traders right now, so a negative reaction to missing bottom line targets is par for the course. There is also the pressure of heavier than average rotation in this stock’s trend, best seen with Accumulation/Distribution indicators.