Microsoft Stock Hits Record Highs as Bulls Remain Firmly in Control

Microsoft Corporation's stock price has been on a tear, gaining 3.7% and approaching its all-time high of $524.63.

The rally has added 46% to the stock's value since its June low, according to Motley Fool.

A closer look at the daily chart reveals that the move may be running hot in the near term.

The hourly chart largely echoes the daily bullish picture, with price trading above every moving average on this timeframe.

However, the hourly RSI reading of 73.25 flags overbought conditions on the intraday timeframe.

The 15-minute chart points to a short-term pause in the stock's advance, as it has consolidated just under its own 15-minute moving averages after the strong daily session.

Despite these cautionary signals, the bullish case for Microsoft Corporation's stock remains intact, with trend continuation supported by the structure of the charts.