MICRON Technology Inc. (MU.O) (d-w-m) for Monday 8/8/2016

 

  The Moving Averages Convergence Divergence (MACD) for Micron Tech (MU)  crossed above its signal line Friday.  Currently the MACD is bullish since it is trading above its signal line.
  • MACD Value:    0.341
  •   Signal Line:    0.325
The MACD is not in an Overbought/Oversold range.  There have been no divergence signals within the last 5 periods.   Micron’s Relative Strength Indicator has risen to 62.46

MICRON TECH ORD(MU.O)

  Analysis of MICRON Technology’s (MU.O) Daily, Weekly, Monthly, (d-w-m) chart activity through Friday’s (8/5/2016) close at  $14.52  +0.49 (+3.49%)
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions, look to take partial profits on any retracement to 13.02.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 13.02.   Be prepared for a potential short term price fall back to the 13.36 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …     13.02
If Short, exit all contracts at …     14.89
   —–
mu 20160805d
  Chart #1 (above, daily, PP-Sup-Res)   Micron Tech (MU.O)
  •   :: Pivot point   14.50
  •   Support (s1)  14.22       Support (s2)  13.92
  •   Resistance (r1) 14.80   Resistance (r2)  15.08
  •   Simple Moving Average (Close 50):   $12.98    (uptrend)
  •   Simple Moving Average (Close 200):  $12.57   (downtrend)
  •   52 week High   20.10      52 week Low   9.31
Additional Micron Tech (MU.O) DAILY chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the upside.
  • Note (2): prices are vulnerable to a correction towards 12.70.
  • The upper projected target is: 15.97.
  • The lower projected target is: 13.19.
  • The projected closing price is: 14.58.
Note:   these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     —–
mu 20160805w
Chart #2 (above, weekly, PP-Sup-Res)  Micron Tech (MU.O)  Weekly (Monday 8/8/2016 to Friday 8/12/2016)
  •    :: Pivot point   14.11
  •   Support (s1)  13.43       Support (s2)  12.35
  •   Resistance (r1)  15.19    Resistance (r2)  15.87
  •   Simple Moving Average (Close 50):    13.24     (uptrend)
  •   Simple Moving Average (Close 200):   19.12     (uptrend)
   Additional Micron Tech (MU.O) WEEKLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • The upper projected target is: 17.09.
  • The lower projected target is: 11.95.
  • The projected closing price is: 14.52.
Note:   these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     —–
mu 20160805m
   Chart #3 (above, monthly, PP-Sup-Res)  Micron Tech (MU.O) Monthly   Monday 8/1/2016 to Wednesday 8/31/2016   NOTE the forming Claw …
  •    :: Pivot point   14.11
  •   Support (s1)  13.43       Support (s2)  12.35
  •   Resistance (r1)  15.19    Resistance (r2)  15.87
  •   Simple Moving Average (Close 50):   18.37    (uptrend)
  •   Simple Moving Average (Close 200):  17.12    (downtrend)
  Additional Micron Tech (MU.O) MONTHLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the downside.
  • The upper projected target is: 21.55.
  • The lower projected target is: 7.81.
  • The projected closing price is: 14.68.
Note:   these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.

Related previous Micron Technologies blog posts:

-–  Monday, 8/8/2016   thru    Friday 8/12/2016  ——

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