This morning, the leading tech stock Microsoft Corp (NASDAQ:MSFT) confirmed that they would be buying software company Mojang AB for $2.5 billion. Mojang AB is the company that brought the popular Minecraft video game to market. Microsoft Corp is hoping to boost its Xbox video game console with the acquisition. Today, Microsoft Corp stock is trading lower by 0.34 cents to $46.36 a share. Day traders should watch for solid intra-day support around the $45.90 area. This is a level where the stock is likely to stage a bounce today.
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Nick SantiagoChief Market Strategist
www.InTheMoneyStocks.com
