Stock Of The Day: Will Micron Technology Reverse?

Micron Technology, Inc. (NASDAQ:MU) is our Stock of the Day because, while shares are trading lower, there appears to be some profit-taking after its recent run-up. There is a chance that the move lower will continue. The shares are extremely overbought.We can view markets in three trends: long-term, intermediate-term, and short-term.There is no ‘official' definition for how long each of these trends is. It depends on the individual investor’s or trader’s perspective.To a day trader, a long-term trend may b ...