This fresh take on the long-term leader among tech stocks and growth companies pinpoints the fundamentals, technicals and fund ownership factors that are influencing the stock's recent action.On Thursday,

The chart above points toward an increase of 14% and 17% in Microsoft's earnings over the next two fiscal years. That's why it may be a good idea to buy this stock following its recent pullback, as it is trading at 33 times earnings right now, which is in line with the tech-laden Nasdaq-100 index's earnings multiple.

Microsoft is set to report fiscal second-quarter earnings after the market closes Wednesday, with analysts largely bullish despite what Morgan Stanley called a growing “wall of worry."

Microsoft's stock price, trading between $400-450 for a couple of months now, is back to levels I consider reasonable for another purchase amidst