11/20

MSFL Drops 2.47% Amid Short-Term Bearish Trends in Microsoft Shares

The GraniteShares 2x Long MSFT Daily ETF (MSFL) fell to $22.51, down 2.47% as of 10:42 AM ET on November 20th, amid short-term bearish trends in Microsoft shares. Despite Microsoft's strong quarterly earnings, which showed a 16% revenue growth and $3.30 EPS surpassing consensus estimates, the stock is experiencing pressure from recent lower highs and a break below key Fibonacci retracement levels. Analysts have upgraded Microsoft to a "buy" rating, citing its competitive valuation metrics within the MAG-7 group and potential for recovery due to strong earnings and support zones. However, the immediate market sentiment remains cautious, reflecting concerns over these technical challenges.