Microsoft and QQQ are highly correlated. As QQQ hits its old highs, it might drag on MSFT price action, so MSFT may struggle to make it back to new higher highs. Additionally, Implied Volatility is declining now that earnings are past, so option traders don't expect big moves either up or down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.