Schwab Network

Chart of the Day: MU's 'Interesting Chart'


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Micron (MU) is "an interesting chart," says Ben Watson. He breaks down technical conditions for the memory company's stock performance. He highlights the $388 line as a level to watch and adds the ADX study, noting a strong upside move above the 25 line suggesting a possible bull flag opening. On a 1-year timeframe, Ben underlines previous support levels at $265 and $348 with a possible upside resistance point at $435.


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