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Micron Tech: The Winning Streak Continues (MU)

By James Quinn

Shares of Micron Tech (NASDAQ:MU) traded today at $55.85, breaking its 52-week high. So far today approximately 7.1 million shares have been exchanged, as compared to an average 30-day volume of 49.6 million shares.

Micron Tech share prices have moved between a 52-week high of $55.85 and a 52-week low of $27.27 and are now trading 105% above that low price at $55.82 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.1%.

There is potential upside of 31.6% for shares of Micron Tech based on a current price of $55.82 and an average consensus analyst price target of $73.48. Micron Tech shares should encounter resistance at the 50-day moving average (MA) of $55.84 and support at its 200-day MA of $48.38.

Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), static random access memory chips (SRAMs), flash memory, semiconductor components, and memory modules.

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: 52 week high/lows micron tech

Ticker(s): MU