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Micron Tech Rising on Above-Average Volume, Consistent With Trend (MU)

By Shiri Gupta

Micron Tech's stock is up 4.2% to $61.85 on heavy trading volume. Today's volume of 40.8 million shares tops the average 30-day volume of 26.6 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Micron Tech on December 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.83. Since that recommendation, shares of Micron Tech have risen 29.5%. We continue to monitor MU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Micron Tech share prices have moved between a 52-week high of $63.42 and a 52-week low of $11.50 and are now trading 446% above that low price at $62.81 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.4%.

Keywords: unusual volume micron tech

Ticker(s): MU