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After Yesterday's Decline of 3.89%, Micron Tech Offers Investors Better Value

By David Diaz

Micron Tech (NASDAQ:MU) traded in a range yesterday that spanned from a low of $38.41 to a high of $39.99. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $39.56 on volume of 12.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Micron Tech share prices have moved between a 52-week high of $55.64 and the current low of $38.41 and are currently at $38.93 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has remained constant.

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.

Keywords: rebounders micron tech

Ticker(s): MU