Micron Technology, Inc.(MU) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Micron Technology, Inc.(MU) closed at 7.86, up 0.14 or 1.81 % for the day. Based on our analysis, Micron Technology, Inc.(MU) has rising momentum with an uptrend.

The closing price of Micron Technology, Inc.(MU) is above its 50 day moving average of 7.07 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Micron Technology, Inc.(MU) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 18-Jan-2008, about 28 trading days ago.