Micron Technology, Inc.: These Indicators are Fueling MU Stock
Buz Investors Fueling MU Stock (NASDAQ:MU) produces memory and storage devices for all of our electronic needs.
- MU stock The demand in this sector seems insatiable because the amount of data we consume only increases as the content we demand is ever-growing in size and quality
- I would think that this would produce a linear relationship with MU stock, but that has not been the case.
Fueling MU Stock Signs Point North
Fueling MU Stock From 2000–2009, MU stock lost 98% of its value; from 2009–2015, Micron stock gained 2138%; and in 2015, MU stock lost 75%. These type of returns are probably a great reason to stay away from such an investment vehicle but, for traders, this can be quite a delight
The second indicator came shortly after the completed rectangle bottom, and it confirmed that the trend has indeed reversed.
Fueling MU Stock
The second indicator is a golden cross, and this indicator is produced when a faster 50-day moving average crosses above a slower 200-day moving average. This signal indicated that a change in momentum had occurred, and that the bulls are now in control of MU stock.
The second indicator came in the form of a bullish moving average convergence/divergence (MACD) cross. The MACD is a simple and effective trend-following momentum indicator. Signal-line crossings are used to distinguish between bullish and bearish signals.
The combination of these two elements confirm that the tailwinds pushing Micron stock are positive, and that the bulls are firmly in control. The trend toward higher prices will continue until a bearish pattern develops and indicates otherwise.Click here for reuse options!
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