Micron close to breaking out of the downtrend from Dec.

21 thg 4, 2015

Micron will be in trend reversal if it closes above 28.8 today and 28.7 tomorrow (22nd April). A good entry point to go long. The close by 50 day MA will be the next resistance seen. Set a short stop to start with as there could always be volatility with MU, especially with the earnings season challenging the Indices.

M&A rumors, a crazily low valuation and the upcoming strong 2H15 makes MU an attractive long play.