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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2.50 VS. $21.62
Risk/Reward Ratio:
9:1
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