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Bullish Moving Average Cross by Micron Tech (MU)

By Amy Schwartz

Today, shares of Micron Tech (NASDAQ:MU) have advanced above their 10-day MA of $39.06 on a volume of 9.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Micron Tech share prices have been bracketed by a low of $33.31 and a high of $55.64 and are now at $39.47, 18% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 1.6%.

SmarTrend is monitoring the recent change of momentum in Micron Tech. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Micron Tech in search of a potential trend change.

Keywords: moving crosses micron tech

Ticker(s): MU