Stocks

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

2019-02-11 12:53:21 GMT (Economies.com)

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 

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