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MICRON TECHNOLOGY INC
(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 3/13/00
at $118.00. 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 $101.00. Resistance: Is at $NONE.
Point & Figure: Reversed to the upside on Mar 10, 2000. A P&F upside
reversal takes place at $112.00. Summary: Technical indicators have turned bullish. BUY! MICRON TECHNOLOGY INC
(MU-NYSE) @ $118 3/8 Stop: Use a protective stop of $115.25.
MICRON TECHNOLOGY INC is currently trading @ $118.00 plus $11 5/8 on Mar 13, 2000. Price Objective:
$141.00. Risk/Reward: $3 1/8 VS. $22 5/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$141.00
Risk/Reward:
$3 1/8 VS. $22 5/8
Risk/Reward Ratio:
7:1
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