Micron Technology Stock Forecast: Resistance in low $90sin the past year. The range high at $98.45 on January 5 was higher than its counterpart in April 2021 and also above the previous all-time high of $97.50 all the way back in July 2000. The range low in October 2021 gives us the bottom support at $65.57.
If earnings and guidance strongly beat estimates, MU shares will first have to overcome the 9-week moving average at $82.66 and then the 20-week moving avearge at $85.06. Once that is done, if it is done, then the supply zone between $90.10 and $94.07 comes into view. This area should provide strong resistance to any major upward move and will most likely halt any meme stock-style rally from getting out of hand.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »