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Bullish Moving Average Cross by Micron Technology (MU)

By David Diaz

Micron Technology (NASDAQ:MU) crossed over its 10-day moving average of $27.46 on a volume of 5.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Micron Technology share prices have been bracketed by a low of $9.35 and a high of $29.87 and are now at $27.66, 196% above that low price. The 200-day and 50-day moving averages have moved 1.28% lower and 0.42% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Micron Technology on July 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.11. Since that recommendation, shares of Micron Technology have risen 93.3%. We continue to monitor MU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Micron Technology

Ticker(s): MU