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Technology Stocks : Micron Only Forum

MU 246.84

+4.2%

Nov 14 9:30 AM EST

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To: Bipin Prasad who wrote (46783)	6/25/1999 9:47:00 AM
From: AI Master	Read Replies (1) of 53903

Most of MU technical indicators are bearish. Analysis of the rate of change of the exponentially smoothed average price suggests the start of a downtrend for this equity. The rate of change is negative and continuing to decrease which indicates increasing downward force. This is a bearish indication for a continuation of this move. The equity price has crossed and closed below the intermediate term 7% exponentially smoothed average price. This indicates a continuation of the current price movement and is considered a weak bearish signal which is sometimes followed by a downward movement in prices. The equity price has crossed and closed below the long term 4% exponentially smoothed average price. This indicates a continuation of the current price movement and is considered a bearish signal which is sometimes followed by a downward movement in the price of the equity. The Price Phase Indicator is moving to the downside. This is a bearish continuation signal showing that a downtrend is in place and that prices are more likely to continue to the downside than they are to reverse and begin an upward movement. Good luck and happy trading. Be careful if you are long this one. Rocky

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