Microsoft Corp (NASDAQ: MSFT) stock dropped 2.4% to $459.49 after Alphabet (GOOGL) reached a $4 trillion market cap with Apple (AAPL) AI partnership. MSFT is on a three-day losing streak, hitting its lowest point since June. However, a rebound is possible as it nears a bullish trendline historically leading to gains.

MSFT has retreated to its 260-day moving average, close to a trendline that shows a 78% chance of a 3.8% gain in one month. Options traders are bullish, with a 50-day put/call volume ratio of 2.11, ranking higher than 72% of readings in the past year.

Affordable options are available for MSFT, with a Schaeffer’s Volatility Index (SVI) of 30% in the 34th percentile of the last 12 months.

Read more at Yahoo Finance: Microsoft Stock Ready to Rebound After Recent Slide