BullBear Trading: Stock and Financial Market Technical Analysis

Bryan Leighton's Blog – March 2018 Archive (1)

This Is Why Micron Technology $MU Is A Strong Short

Shares of Micron Technology, Inc. (NASDAQ:MU) surged again today, hitting a new all-time high of $54.64. This surge tagged a massive trend line that stretches back to the top in 2009 and the top in 2014. When connecting those pivot highs, the trend line extends all the way out to $54.50, the level tagged today. After each pivot high in 2009 and 2014, Micron Technology, Inc. corrected 50%. That means another monster correction is likely at hand. Look for the stock to collapse as low as…

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Added by Bryan Leighton on March 6, 2018 at 3:55pm — No Comments

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