Bullish Moving Average Cross by Micron Technology (MU)
Today, shares of Micron Technology (NASDAQ:MU) have advanced above their 10-day MA of $17.15 on a volume of 10.6 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.
Micron Technology share prices have moved between a 52-week high of $20.57 and a 52-week low of $9.35 and are now trading 88% above that low price at $17.58 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 1.3%.
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 20.0%. 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