This week we'll focus on a bigger, and more widely known name in the markets. Microsoft (MSFT  ) is certainly a name that all of us have heard of, but have you seen the stock price lately?

In the short-term, shares of Microsoft have popped about a month long range. It's currently trading over the 200-day moving average, a designation that not every stock can claim at this point. If you zoom out a little and look at the bigger picture, you'll see a strong stock that has held up quite nicely. Take into consideration the market's broad selloff of over 20% late last year. Then compare it to Microsoft, which really only participated in the latter part of the selloff, and you get the impression that there's more underlying strength in this name.

For a trade, we'll simply look to play on this short- and mid-term strength Microsoft is providing us. Today's trade will be a rather basic one with a straightforward goal. The stock is trading right at the $110 price point. We'll just look to buy shares at this price (given the recent breakout) and shoot for a quick price target of the prior highs around $116.

Once we reach the $116 area, it may be worth looking at the current state of the markets to see if there could be a chance to hold beyond the highs. One may consider selling some of this position at those prior highs and then holding more for the $118 area. Whether you're a short-term trader or long-term investor, this trade of the week offers something for everyone.