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After Yesterday's Decline of 1.12%, Micron Tech Offers Investors Better Value

By Shiri Gupta

Micron Tech (NASDAQ:MU) traded in a range yesterday that spanned from a low of $36.56 to a high of $37.82. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $37.17 on volume of 11.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Micron Tech. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Micron Tech in search of a potential trend change.

In the past 52 weeks, shares of Micron Tech have traded between a low of $33.31 and a high of $55.64 and are now at $36.93, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.76% lower and 0.43% lower over the past week, respectively.

Keywords: rebounders micron tech

Ticker(s): MU