• Return to Headlines

Watch for Shares of Micron Tech (MU) to Approach Resistance at $55.55

By James Quinn

Micron Tech (NASDAQ:MU) has opened bullishly above the pivot of $54.31 today and has reached the first level of resistance at $54.87. Should the shares continue to rise, the resistance pivots of $55.55 and $56.79 will be of interest.

There is potential upside of 33.7% for shares of Micron Tech based on a current price of $54.94 and an average consensus analyst price target of $73.48. The stock should find resistance at its 50-day moving average (MA) of $55.66, as well as support at its 200-day MA of $48.27.

In the past 52 weeks, shares of Micron Tech have traded between a low of $27.27 and a high of $55.64 and are now at $54.94, which is 101% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.6%.

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: pivot alerts micron tech

Ticker(s): MU