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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. The new level of support is at 38.64.
The stock has support at 38.64 and 33.32. If the stock breaks down through support at 38.64 then it will probably continue lower to 33.32. The stock has resistance at 43.97 and at 47.65. If the stock breaks up through resistance at 43.97 then it will probably continue higher to 47.65. The 200-day moving average is at 47.65. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (53.49).”
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