MU Breaks Out at $284.79 as Moving Averages Align
BullishMicron Technology Inc (MU) closed down 0.66% at $284.79 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($267.09) with a bullish stack. The 21-day EMA at $254.14 provides support.
Momentum
RSI at 66.9 is in neutral territory but trending higher. MACD is bullish (13.30 vs signal 9.38).
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.