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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 41.19 and 34.88. If the stock breaks down through support at 41.19 then it will probably continue lower to 34.88. The stock has resistance at 45.49 and at 48.30. If the stock breaks up through resistance at 45.49 then it will probably continue higher to 48.30. The 200-day moving average is at 48.30. 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 41.19 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (62.19).”
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