Focus Stocks
Micron Technology Breaking Out?
Published on Thursday, 09 February 2012 07:36 Written by TradersHuddle Wire
New York, February 9th (TradersHuddle.com) - Shares of Micron Technology, Inc. (NASDAQ:MU) closed the trading session at $8.17 just above calculated resistance at $7.97 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.
Micron Technology, Inc. (NASDAQ:MU) manufactures and markets dynamic random access memory chips (DRAMs), Flash Memory, other semiconductor components, and memory modules.
Micron's stock was trading in a well defined range with support at $7.29 and resistance at $7.97, given that this range was broken traders will be closely monitoring the stock
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