MU breaks below prior session low


Micron Technology (MU) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

MU breaks below previous session low

Overview

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.

Daily Candlestick Chart (MU as at May 17, 2018):

Daily technical analysis candlestick chart for Micron Technology (MU) as at May 17, 2018

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.


Market Conditions for MU as at May 17, 2018

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