Microsoft's Golden Cross Ignites Breakout Rally - But Is A Cooldown Coming?

Benzinga
2025.06.12 19:05
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Microsoft Corp's stock has achieved a Golden Cross, with its 50-day SMA surpassing the 200-day SMA, indicating a bullish trend. The stock reached a record high of $478.78, reflecting a 23% gain over three months. Despite strong technical signals, the RSI suggests overbought conditions, and MACD shows signs of softening momentum. Strong fundamentals, including a recent earnings surge and a quarterly dividend announcement, support the stock's performance. Analysts project a target of $517.93, but a short-term dip may occur as the market digests recent gains.