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Micron Tech Crosses Below its 10-day MA (MU)

By Shiri Gupta

Micron Tech (NASDAQ:MU) crossed under its 10-day moving average of $42.64 on a volume of 2.6 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, Micron Tech share prices have been bracketed by a low of $33.31 and a high of $55.64 and are now at $42.52, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.2%.

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