Micron Technology (MU) NewsBite - MU Is On the Move
Posted: Monday, February 08, 2010 10:37 AM EDT
By: Market Intelligence Center Staff
Micron Technology (MU) appears to be on the move today and is now at $8.94, up $0.24 (2.76%) on volume of 4,639,114 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.55 to a high of $11.34. MU was covered in a was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw020810 . Micron Technology stock has been showing support around $8.12 and resistance in the $9.00 range. Technical indicators for the stock are bullish and S&P gives MU a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on MU the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Micron Technology (MU) Stock ReportSee what our analysts have uncovered about Micron Technology (MU).