By Brian Sozzi
Publication Date: 2026-04-28 13:07:00
The winds may be starting to blow in the favor of struggling Microsoft (MSFT) bulls.
What the chart is saying about Microsoft: Evercore ISI chief technical analyst Rich Ross said in a new note that Microsoft has one of the “best acting charts” in the tech space right now, noting that the stock has reclaimed its 50-day moving average with “authority.”
He added that Microsoft can be “owned both fundamentally and technically,” given the recent pullback to a long-term support level (see chart below) that has held since the European financial crisis.
Microsoft sat out the “Magnificent Seven” rally: Microsoft stock has dropped 10% this year, as its fourth quarter results underwhelmed and worries about AI investment surfaced. It has been an entirely different story for most other members of the Mag 7 this year.
Nvidia (NVDA) continues to lead the pack, up roughly 12% year to date as of late April. The gains have been fueled by the launch of its Vera Rubin AI platform and…
