Long MU If It Enters Higher Volume Range

I see two distinct volume clusters where MU has traded. One is between $29.75 and $32, and the other is $27.50 to $29.50. We are approaching the upper bound of the latter and a break above it could signal a move higher possibly up to $32. With a break above a small stoploss could be set making it good risk/reward. Bullish catalyst as David Tepper added more of this to his holdings. As an added bonus it has a low P/E

Note

Put a stop below $30, best of luck all

Spyridon

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Spyridon

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