Microsoft's stock rallies after the company announces its new tablet Surface 3
As the company is moving along to announce the third generation of its tablet computer - the Surface. Widely circulating media reports are stating that the company has scrapped the development of a smaller version of the tablet in favour of a 12 inch hybrid between a tablet and a laptop.
Apparently the markets are liking the new tool at first glance, in our opinion there is still a lot to be desired from it, as it doesn't have the full rigidity which many competitive products are offering, however it will be interesting to know what does the market manage to get from this announcement.
The Surface Pro 3 is a big steep ahead, sporting a 12" display with a resolution of 2160x1440 pixels in a 3:2 aspect ratio. It also has a detachable keyboard and an Intel Core i5 or i7 processor. The device has one USB 3.0 port along with a card reader and a mini display port for external video output.
There is no clear definition where is Microsoft planning to put this machine - on one hand it is too big to be a fully convenient tablet device, while on the other it seems too small for a laptop. That said, rumors have been circulating that Apple will be unveiling a 12" Macbook Air soon, so Microsoft might be reacting to that.
Looking at the charts of the binary options for Microsoft's stock we are seeing that it is trying to break new highs today. We are betting on daily call option and are willing to buy it at $40.00. However if today we close below the above mentioned $40.00 level, we could place a bet that the whole move from today will be reversed swiftly.
On the downside important levels are observed at $39.60 and even further lower just below $39.30. As we already stated tomorrow we would be reversing our daily call position with a bet on a binary put option for the Thursday and Friday expiry.