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SmarTrend Watching for Potential Rebound in Shares of Micron Tech After 3.70% Loss

Comtex SmarTrend(R) - Tue Sep 11, 11:45AM CDT

Micron Tech (NASDAQ:MU) traded in a range yesterday that spanned from a low of $42.35 to a high of $43.75. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $44.06 on volume of 31.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Micron Tech have traded between a low of $39.42 and a high of $55.64 and are now at $43.18, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend is monitoring the recent change of momentum in Micron Tech. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Micron Tech in search of a potential trend change.

Write to SmarTrend at cs@mysmartrend.com

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