Micron close to breaking out of the downtrend from Dec.
Micron will be in trend reversal if it closes above 28.8 today and 28.7 tomorrow (22nd April). A good entry point to go long. The close by 50 day MA will be the next resistance seen. Set a short stop to start with as there could always be volatility with MU, especially with the earnings season challenging the Indices.
M&A rumors, a crazily low valuation and the upcoming strong 2H15 makes MU an attractive long play.
M&A rumors, a crazily low valuation and the upcoming strong 2H15 makes MU an attractive long play.
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