• Return to Headlines

Watch for Micron Tech to Potentially Rebound After Falling 2.37% Yesterday

By David Diaz

Micron Tech (NASDAQ:MU) traded in a range yesterday that spanned from a low of $44.55 to a high of $45.40. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $46.36 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Micron Tech share prices have moved between a 52-week high of $51.39 and a 52-week low of $28.39 and are now trading 60% above that low price at $45.29 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.22% lower over the past week, respectively.

Keywords: rebounders micron tech

Ticker(s): MU