Microsoft & Alphabet: Megacaps Cling to Levels Before the Fed
The Federal Reserve’s hawkish policies this year have punished megacap growth stocks, as most traders know. The resulting gloom has dragged two of the market’s four trillion-dollar companies to potentially important levels: Microsoft and 
Alphabet.
Both hit new 52-week lows yesterday and are near levels where they bounced earlier in the year.
MSFT slipped below $240 for the first time since May 2021, but rebounded to close above that level. It’s also sitting at the price where it bounced in June (an earlier 52-week low).
GOOGL’s chart is similar. It went as low as $100.52, but managed to hold triple digits (split-adjusted). That was the search giant’s lowest price since March 2021. It’s also near the stock’s May low:
This price action described above clearly isn’t bullish in itself. But if the market rebounds after Wednesday’s Fed meeting, traders may view the recent lows as reference points, with potentially more space to the upside than the downside.
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This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
Alphabet.Both hit new 52-week lows yesterday and are near levels where they bounced earlier in the year.
MSFT slipped below $240 for the first time since May 2021, but rebounded to close above that level. It’s also sitting at the price where it bounced in June (an earlier 52-week low).
GOOGL’s chart is similar. It went as low as $100.52, but managed to hold triple digits (split-adjusted). That was the search giant’s lowest price since March 2021. It’s also near the stock’s May low:
This price action described above clearly isn’t bullish in itself. But if the market rebounds after Wednesday’s Fed meeting, traders may view the recent lows as reference points, with potentially more space to the upside than the downside.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: https://www.tradestation.com/important-information.
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