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Bearish Moving Average Cross by Micron Tech (MU)

By James Quinn

Today, shares of Micron Tech (NASDAQ:MU) have fallen below their 10-day MA of $55.81 on a volume of 9.9 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Micron Tech have traded between a low of $26.85 and a high of $64.66 and are now at $55.32, which is 106% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.7%.

SmarTrend is tracking the current trend status for Micron Tech and will alert subscribers who have MU in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses micron tech

Ticker(s): MU