Micron drops on profit-taking - Analysis - 12-10-2017

Micron Technology's stock (MU) fell in the intraday levels, registering a loss of 0.88% in the last session, or 0.37 points, as traders collected recent short-term profits, while the stock gathers momentum to help it rise anew, amid the dominance of the upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to return higher, targeting the resistance of 42.59.