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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 stock has support at 45.75 and 42.06. If the stock breaks down through support at 45.75 then it will probably continue lower to 42.06. The stock has resistance at 47.91 and at 52.66. If the stock breaks up through resistance at 47.91 then it will probably continue higher to 52.66. The 200-day moving average is at 47.91. This will also act as resistance. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 45.75 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (79.64).”
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