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Micron Tech Bearish Moving Average Crossover Alert (MU)

By David Diaz

Micron Tech (NASDAQ:MU) shares have crossed bearishly below their 10-day moving average of $59.95 on a volume of 10.2 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.

Micron Tech share prices have moved between a 52-week high of $60.57 and a 52-week low of $27.27 and are now trading 119% above that low price at $59.77 per share. The 200-day and 50-day moving averages have moved 0.99% higher and 1.06% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Micron Tech on May 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.14. Since that recommendation, shares of Micron Tech have risen 15.2%. We continue to monitor MU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses micron tech

Ticker(s): MU