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MICRON TECHNOLOGY
(MU-NYSE):
Technical Viewpoint: From a low
of $106.00 on Apr 4, 2000 prices
rallied, reaching a
high of $134 7/8
on Apr 7, 2000. A
decline saw prices pull back, reaching a
low of
$92.31 on Apr 14, 2000.
Another rally saw prices penetrate
resistance, closing 4/18/00
at $126 1/2. 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 $117.00. Resistance: Is at $132.00.
Point & Figure: Reversed to the upside on Apr 17, 2000. A P&F upside
reversal takes place at $117.00. Summary: Technical indicators have turned bullish. BUY! MICRON TECHNOLOGY
(MU-NYSE) @ $128 1/8 Stop: Use a protective stop of $124 7/8.
MICRON TECHNOLOGY is currently trading @ $126 1/2 plus $12 1/2 on Apr 18, 2000. Price Objective:
$147.00. Risk/Reward: $3 3/8 VS. $18 7/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$147.00
Risk/Reward:
$3 3/8 VS. $18 7/8
Risk/Reward Ratio:
6:1
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