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

By James Quinn

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.

In the past 52 weeks, shares of Micron Tech have traded between the current low of $35.13 and a high of $55.64 and are now at $36.25. The 200-day and 50-day moving averages have moved 0.17% lower and 1.01% lower over the past week, respectively.

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