MICRON TECHNOLOGY INC
(MU-NYSE):
Technical Viewpoint: From a low
of $29.81 on Nov 30, 2000 prices
rallied, reaching a
high of $37 1/8
on Dec 11, 2000. A
decline saw prices pull back, reaching a
low of
$29.00 on Dec 20, 2000.
Another rally saw prices penetrate
resistance, closing 1/12/01
at $41.44. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 1, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $37.00. Resistance: Is at $42 3/8.
Point & Figure: Reversed to the upside on Jan 11, 2001. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! MICRON TECHNOLOGY INC
(MU-NYSE) @ $41 7/8 Stop: Use a protective stop of $39 1/4.
MICRON TECHNOLOGY INC is currently trading @ $41.44 plus $.44 on Jan 12, 2001. Price Objective:
$59.00. Risk/Reward: $2 5/8 VS. $17 1/8. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.00
Risk/Reward:
$2 5/8 VS. $17 1/8
Risk/Reward Ratio:
6:1
|