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$MU Tags Short Retrace Level, Nailing This One Hard

Shares of Micron Technology, Inc. (NASDAQ:MU) have retraced higher after a sharp collapse off 52 week highs. This is known as a bearish inside-bar retrace setup. Ultimately, it tells investors that another wave of selling is on the horizon and the completed retrace says short the heck out of it. The short level is $28.00 and investors can now expect a sharp drop in price. The downside target on Micron Technology, Inc. is $25.00 in the coming weeks.

Stock market investors short shares of Micron Technology