BUY! MICRON TECHNOLOGY (MU) NYSE

  Report No. 992    Analysis by: Harry Aloof     MARCH 8, 2000

MICRON TECHNOLOGY (MU-NYSE): Technical Viewpoint: From a low of $62.19 on Feb 18, 2000 prices rallied, reaching a high of $111.69 on Mar 1, 2000. A decline saw prices pull back, reaching a low of $91.19 on Mar 3, 2000. Another rally saw prices penetrate resistance, closing 3/7/00 at $102 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 7, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $92.00. Resistance: Is at $110.00. Point & Figure: Reversed to the upside on Mar 6, 2000. A P&F upside reversal takes place at $100.00. Summary: Technical indicators have turned bullish. BUY! MICRON TECHNOLOGY (MU-NYSE) @ $106 1/8 Stop: Use a protective stop of $102 7/8. MICRON TECHNOLOGY is currently trading @ $102 5/8 plus $6 5/8 on Mar 7, 2000. Price Objective: $156.00. Risk/Reward: $3 1/4 VS. $43 7/8. Today's Risk Reward Ratio: 13:1

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

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Price Objective:
$156.00 Risk/Reward:
$3 1/4 VS. $43 7/8 Risk/Reward Ratio:
13:1
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