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Micron Technology Bullish Moving Average Crossover Alert (MU)

By Amy Schwartz

Today, shares of Micron Technology (NASDAQ:MU) have advanced above their 10-day MA of $17.25 on a volume of 5.1 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.

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 86% above that low price at $17.40 per share. The 200-day and 50-day moving averages have moved 1.28% lower and 0.42% lower over the past week, respectively.

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 20.5%. 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

Ticker(s): MU