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Micron Technology Crosses Above its 10-day MA (MU)

By Nick Russo

Today, shares of Micron Technology (NASDAQ:MU) have crossed bullishly above their 10-day moving average of $10.76 on a volume of 17.7 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 $10.01 and a high of $20.57 and are now at $11.37, which is 14% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.4%.

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