MSFT Looks fairly valued to me, maybe even a "little" extended. But could push to $232 as a result of bullish market and earnings speculation.
MSFT just moved up $14 for the week ended 1/22/21 (almost 7% gain).
Bigger question is valuation of the NDX 100 overall (which I feel is more extended).
$NDXA50 currently showing 70 out of the NDX 100 are above their 50 day average. This reading is "toppy" when this reading is in 80s or higher.
Third week of 2021 was a dominated by bullish moves in market leaders such as GOOG, AMZN, MSFT and others. But these market leaders had been lagging.
Just my thoughts.
MSFT just moved up $14 for the week ended 1/22/21 (almost 7% gain).
Bigger question is valuation of the NDX 100 overall (which I feel is more extended).
$NDXA50 currently showing 70 out of the NDX 100 are above their 50 day average. This reading is "toppy" when this reading is in 80s or higher.
Third week of 2021 was a dominated by bullish moves in market leaders such as GOOG, AMZN, MSFT and others. But these market leaders had been lagging.
Just my thoughts.