Above Resistance - Micron Technology | Trading Ideas

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Above Resistance - Micron Technology

Published on Wednesday, 29 February 2012 08:52 Written by TradersHuddle Wire

New York, February 29th (TradersHuddle.com) - Shares of Micron Technology, Inc. (NASDAQ:MU) closed the trading session at $8.88 just above calculated resistance at $8.58 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 $7.74 and resistance at $8.58, given that this range was broken traders will be closely monitoring the stock

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