Microsoft shares retreat for a fifth session in a row on Tuesday, company releases Windows Mixed Reality headsets

Two Windows Mixed Reality headsets have reportedly been released by Microsoft Corporation (MSFT) to the general public. The headset manufactured by Acer is priced at $299, while the one by HP – at $329.

Microsoft shares closed lower for a fifth consecutive trading session on Tuesday. The stock edged down 0.17% ($0.12) to $72.58, with the intraday high and the intraday low being at $73.42 and $72.49 respectively. In the week ended on July 30th the shares of the tech giant lost 1.02% of their market value compared to a week ago, which marked the first drop in the past four weeks, but yet, the smallest one since the week ended on June 18th. The stock has dipped 0.17% so far during the current month, following a 5.47% surge in July. The latter has been the fourth gain in the past five months and also the steepest one since July 2016. For the entire past year, the shares of the NASDAQ-listed company gained 12.00%.

The products have already been available for developers earlier in 2017.

According to Seeking Alpha, the two headsets are considered as developer editions, thus, customers will not be able to use technical support, at least for now, while updates can be expected in due time.

The headsets are similar in terms of technical characteristics. Both products are equipped with 2.89-inch LCD displays with 1400 x 1400 resolution, which offer refresh rate of up to 90 Hz and a 95-degree horizontal field of view.

According to CNN Money, the 32 analysts, offering 12-month forecasts regarding Microsoft’s stock price, have a median target of $80.50, with a high estimate of $90.00 and a low estimate of $49.00. The median estimate is a 10.91% surge compared to the closing price of $72.58 on August 1st.

The same media also reported that 24 out of 35 surveyed investment analysts had rated Microsoft’s stock as “Buy”, while 9 – as “Hold”. On the other hand, 1 analyst had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for the Microsoft stock are presented as follows:

R1 – $72.67
R2 – $72.75
R3 (Range Resistance – Sell) – $72.84
R4 (Long Breakout) – $73.09
R5 (Breakout Target 1) – $73.39
R6 (Breakout Target 2) – $73.51

S1 – $72.49
S2 – $72.41
S3 (Range Support – Buy) – $72.32
S4 (Short Breakout) – $72.07
S5 (Breakout Target 1) – $71.77
S6 (Breakout Target 2) – $71.65

By using the traditional method of calculation, the weekly levels of importance for Microsoft Corporation (MSFT) are presented as follows:

Central Pivot Point – $73.26
R1 – $74.20
R2 – $75.36
R3 – $76.30
R4 – $77.24

S1 – $72.10
S2 – $71.16
S3 – $70.00
S4 – $68.84