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
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