MU breaks below prior session low
MU ended Thursday at 54.70 losing $1.80 (-3.19%) on high volume. Closing below Wednesday's low at 55.48, the market confirms its breakout through the previous session's low having traded $1.55 below it intraday.
Thursday's trading range was $2.51 (4.48%), that's above last trading month's daily average range of $1.81. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling could speed up should prices move below the close-by swing low at 52.69 where further sell stops might get activated.
Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.
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|Closed below last periods low||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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