$MSFT reports earnings tonight after the bell.
$MSFT - $GOOGL - $AMZN earnings breakdown can be found here
Microsoft is trading 3% higher this morning. It has made quite a move from the August crash lows. Will the earnings report send it through resistance? Or will it head back to test support first?
Here is a trade I made a little while ago in anticipation of a pull back.
$MSFT $47 weekly puts at $.54
The chart shows a stock running up against resistance. Will tonight's report be enough to launch the stock over that resistance?
You can see it clearer here:
There is the chance $MSFT blasts higher post earnings. From a chart vantage point, I like how its running up against resistance. And I like the risk reward set - up for a move under $47 tomorrow.