BUY! MICRON TECHNOLOGY INC (MU) NYSE

  Report No. 1201    Analysis by: Harry Aloof     JANUARY 16, 2001

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

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Price Objective:
$59.00 Risk/Reward:
$2 5/8 VS. $17 1/8 Risk/Reward Ratio:
6:1
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