Stock Of The Day: Is This A Bull Trap For Micron Technology?

Micron Technology, Inc. (NASDAQ:MU) shares are trading sideways on Friday. This follows a 3.8% move lower yesterday after the company reported its earnings.The stock is at an important price level. Traders are watching it closely to see if the recent move higher will become a ‘bull trap' or ‘false breakout'. This is why Micron is the Stock of the Day.There are price levels in the stock market where there are large amounts of supply or shares for sale. Traders call these resistance levels.If a market is tren ...