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Micron Technology Is Poised for an Upside Breakout but It's Not a Done Deal Yet

Micron Technology Is Poised for an Upside Breakout but It's Not a Done Deal Yet

The share price of Micron Technology has been testing the highs of February, March and April but it has not yet decisively broken out on the upside. In this daily Japanese candlestick chart of MU, below, we can see that prices are above the bottoming 200-day moving average line and the rising 50-day line. The daily On-Balance-Volume (OBV) line recently turned up telling us of a shift from aggressive selling to aggressive buying.