Microsoft Stock Nears Death Cross As OpenAI Partnership Weakens: Time To Lock In Gains?

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Death Cross Looming: Bearish Signals Pile Up Chart created using Benzinga Pro

Microsoft stock is inching closer to forming a Death Cross, a technical pattern where the 50-day moving average dips below the 200-day moving average, signaling a potential shift from bullish to bearish momentum.

However, dark clouds may be forming on two fronts: technical indicators are flashing bearish signals and Microsoft's high-profile partnership with OpenAI is showing signs of strain.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: US5949181045 Trading Ideas Pro Project Signals US68389X1054 Tech Artificial intelligence Expert Ideas ORCL Stories That Matter Benzinga AI OpenAi Top Stories MSFT Technicals Death Cross

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 18:17:46 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22958295

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