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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (12346)8/1/1998 12:31:00 AM
From: Jenna   of 120523
 
e-mail. MU
On Friday, MU broke a double top point & figure chart formation. MACD is very bullish and so is relative strength. The volume indicators are showing MU is under accumulation. Support is at 26 15/16. It is my opinion however that MU is OVERBOUGHT. It was on my watch list both July 28 and July 29 and I kept it on until Friday, but I did not get in unfortunately as I was involved with AOL, LU, NSOL at the time. I'm still bullish and MU will provide a trading opportunity after it pulls back. Watch the daily watch lists for its appearance again.


Date      Open  High    Low    Close  Volume  
07/28/98 29.000 30.375 28.875 29.812 5,699,400 
07/29/98 30.937 31.687 29.500 30.250 6,288,200 
07/30/98 31.000 31.437 30.500 31.187 3,674,100 
07/31/98 31.937 33.500 31.812 33.312 7,184,800
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