trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
---|---|---|---|---|---|---|---|---|
MU $9.64 |
MU's rise comes with the parabolic sar and Person's Proprietary Signal switching to bull phase, and that macd and fast stochastic also flashing bullish.
The price move breaks sharply above both the near-term multiply-tested resistance set in May and the 20-day simple moving average.
The upward thrust comes as the earnings announcement looms. It is scheduled for June 28 after the close.
The volume spike, rapidly approaching 39 million, would have more credibility if it were to break above the 44 million share level.
Reversal Levels
- $11.03, +14.4%
- $9.75, +1.1%
- $9.64 <== You are here.
- $8.66, -10.2%
Longer-term, MU has behaved as a typical tech stock. It peaked at $97.50 in July 2000, declined consistant to a low of $1.59 in November 2008, the nadir of the financial collapse, and since has recovered about half of its decline from the 2006 swing high to the 2008 low.
OK. The credit bubble burst. Housing, burst. Shockwaves reverberated. Markets collapsed. What lies ahead as we remerge from the wreckage.
Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.Abbreviations:
- psar - Parabolic Stop and Reverse
- adx - Average Directional Index
- pps - Person's Proprietary Signal
- ma20 - 20-day moving average
- macd - Moving Average Convergence-Divergence
- sto - Fast Stochastic
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
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