Micron Technology Inc. (MU) – stock is trading around $49.26 dollars as of December, 12, 2019 and offering a possible buying price between $48.43 – $50.85. Let’s look at the stocks technical actions using a weekly chart.
2. The stock accelerated the down trend with the 200 & 50 day moving averages (DMA) bearish crossover back in September 2018.
3. After a long downtrend, the stock finally brokeout this July.
4. But, the stock also staged the 50 & 200 DMAs bullish crossover.
5. But, the stock struggled to rally, and even the lost the 50 DMA support briefly.
6. The stock quickly regained the 50 DMA, though.
7. The stock is offering possible buying price between $48.43 – $50.85, with a stop loss at $44.56.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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