Tuesday, January 30, 2018 12:48:35 PM
Shares of Micron Technology, Inc. (NASDAQ:MU) broke below major stock chart support today. This signals the next major leg lower in the stock price, ultimately headed to $34.00. While the media and analysts have been high on Micron Technology, the chart has spoken differently. While many chip stocks made new all-time highs in the last week, Micron Technology topped out back in early November, 2017 at $50. Since then, it has fallen nearly 20% into today. The breakdown can be seen on the stock chart below. Note the target is a key gap fill, also near the daily 200 moving average.
Gareth Soloway
InTheMoneyStocks
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