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SmarTrend Watching for Potential Rebound in Shares of Micron Tech After 1.71% Loss

By Shiri Gupta

Micron Tech (NASDAQ:MU) traded in a range yesterday that spanned from a low of $35.13 to a high of $36.73. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $36.72 on volume of 13.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Micron Techhas traded in a range of $35.13 to $55.64 and are now at $36.25. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.

SmarTrend is tracking the current trend status for Micron Tech and will alert subscribers who have MU in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders micron tech

Ticker(s): MU