BUY! MICRON TECHNOLOGY (MU) NYSE

  Report No. 1240    Analysis by: Harry Aloof     MARCH 14, 2001

MICRON TECHNOLOGY (MU-NYSE): Technical Viewpoint: From a low of $37.36 on Feb 7, 2001 prices rallied, reaching a high of $46.74 on Feb 14, 2001. A decline saw prices pull back, reaching a low of $32.75 on Mar 1, 2001. Another rally saw prices penetrate resistance, closing 3/13/01 at $44.05. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 9, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $40.00. Resistance: Is at $46.00. Point & Figure: Reversed to the upside on Mar 12, 2001. A P&F upside reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! MICRON TECHNOLOGY (MU-NYSE) @ $44.38 Stop: Use a protective stop of $41.87. MICRON TECHNOLOGY is currently trading @ $44.05 plus $3.29 on Mar 13, 2001. Price Objective: $66.00. Risk/Reward: $2.50 VS. $21.62. Today's Risk Reward Ratio: 9:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$66.00 Risk/Reward:
$2.50 VS. $21.62 Risk/Reward Ratio:
9:1
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