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Micron Technology Bullish Moving Average Crossover Alert (MU)

By David Diaz

Today, shares of Micron Technology (NASDAQ:MU) have crossed bullishly above their 10-day moving average of $13.34 on a volume of 26.1 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, shares of Micron Technology have traded between a low of $9.35 and a high of $20.57 and are now at $14.02, which is 50% 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 is tracking the current trend status for Micron Technology and will alert subscribers who have MU in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Micron Technology

Ticker(s): MU