MICRON TECHNOLOGY
(MU-NYSE):
Technical Viewpoint: From a low
of $62.19 on Feb 18, 2000 prices
rallied, reaching a
high of $143 1/8
on Mar 24, 2000. A
decline saw prices pull back, reaching a
low of
$106.00 on Apr 4, 2000.
Another rally saw prices penetrate
resistance, closing 4/5/00
at $131.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 28, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $110.00. Resistance: Is at $142.00.
Point & Figure: Reversed to the upside on Apr 5, 2000. A P&F upside
reversal takes place at $126.00. Summary: Technical indicators have turned bullish. BUY! MICRON TECHNOLOGY
(MU-NYSE) @ $132 1/2 Stop: Use a protective stop of $129 1/2.
MICRON TECHNOLOGY is currently trading @ $131.00 plus $17.00 on Apr 5, 2000. Price Objective:
$159.00. Risk/Reward: $3.00 VS. $26 1/2. Today's Risk Reward Ratio: 9:1
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