Traders Watch MU Squeeze Closely at $418.01
The stock of Micron Technology Inc (MU) dropped 0.71% to close at $418.01 on February 25.
The technical setup looks mixed:
Moving Averages
The stock holds above both the 9-day ($414.48) and 21-day ($401.09) EMAs, confirming the uptrend.
Momentum
RSI at 58.2 is neutral but weakening. MACD reads 17.74 against its 19.89 signal line (bearish).
Volatility
A 8-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.
Traders are watching $373.12 on the downside and $447.72 on the upside.
