Shares of Micron Technology Have Fallen Below Previous 52-Week Low

Published on Wed, 05/06/2015 - 14:22
By Peter Chu in 52 Week high-lows, MU, 52 week high/lows, micron technology, nasdaq:mu

Shares of Micron Technology (NASDAQ:MU) traded at a new 52-week low today of $27.50. So far today approximately 13.3 million shares have been exchanged, as compared to an average 30-day volume of 22.3 million shares.

Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.

In the past 52 weeks, Micron Technology share prices have been bracketed by a current low of $27.50 and a high of $29.87 and are now at $27.52. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.2%.

Micron Technology has overhead space with shares priced $27.52, or 33.8% below the average consensus analyst price target of $41.57. The stock should run into initial resistance at its 50-day moving average (MA) of $28.38 and subsequent resistance at its 200-day MA of $31.29.

By Peter Chu
pchu@fnno.com

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