Tuesday, December 22, 2015

MU Chart - 12/22/15

MU has been on a well defined downward trend over the past few months. Making matters worse, the stock recently released poor earnings results. As see in the below chart, $13.50 is a very key support level. If $13.50 fails to hold, we could see a quick flush towards $10. A bounce at $13.50 might signify an opportunity to go long, with a stop loss right below that level.