Micron tries to vent off overbought saturation - Analysis - 11-02-2019

2019-02-11 12:53:21 GMT (Economies.com)
Micron tries to vent off overbought saturation - Analysis - 11-02-2019
 

Micron Technology's stock fell 2.03% in the last session, or 0.80 points, while venting off overbought saturation in the RSI, gathering momentum to help it rise anew, while underpinned by exiting a descending price channel that guided recent short-term trading, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 40.68 anew, as long as the support of 36.73 holds on. 

 

Expected trend for today: Likely Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1244
-0.0066
0.5827%
1.3001
-0.0079
0.6047%
15.005
0.020
0.134%
64.010
0.218
0.343%
71.97
0.35
0.49%
1275.700
-15.150
1.174%
 
 
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