Micron Technology Inc (MU) “On a long-term technical basis, the stock (MU) is trading below its 200-day moving average which implies it is in a negative trend. If the new level of support at 41.78 holds, look for a bounce to the next resistance level at 44.55. If the stock breaks up through resistance at 46.36 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.

The stock has support at 41.78 and 37.19. If the stock breaks down through support at 41.78 then it will probably continue lower to 37.19. The stock has resistance at 44.55 and at 47.44. If the stock breaks up through resistance at 44.55 then it will probably continue higher to 47.44. The 200-day moving average is at 47.44. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (40.74).”