Micron garners momentum - Analysis - 23-02-2018

Micron Technology's stock (MU) fell in the intraday levels, recording a loss of 0.65% in the last session, or 0.29 points, as the stock tries to garner momentum to help it rise anew, by venting off overbought saturation in the RSI, with positive support from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms. 

Therefore we expect the stock to return higher, as long as the support of 39.07 holds on, targeting the resistance of 49.85.