Back in October, a six-month decline in computer memory producer Micron Technology (MU) shares was contained by an uptrend support line. Since then, distribution has reversed back into accumulation and MU’s primary uptrend has resumed. In recent weeks, the shares have regained and held above their 50-day average, snapped a downtrend line, and this week, have started to accelerate upward, clearing $90.00.
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