Sub $100 coming this week. Strong sell after breaking below the $116 stop loss per MarketEdge.
Per MarketEdge : Stock shows Mildly Deteriorating Conditions. Stock is below Sell Stop. If you are Long, consider closing position or monitor stock closely.
Stock is Not a Short Sale Candidate.
The current technical condition of MU $Micron Technology(MU)$ is deteriorating, indicating demand for the stock is weakening. If momentum continues to slow, further slippage in the stock is likely to develop. Over the last 50 trading sessions, there has been more volume on down days than on up days, indicating that MU is under distribution, which is a bearish condition. MU dropped 12.85%. When all the analysts go extreme bullish on MU with price targets as high as $225 - that's the time to sell. I feel like a heel holding my position through this nightmare. I should have learned my lesson by now.
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