MU Downtrend - Sell at 51.93 Good Risk/Reward Ratio

SImple technical analysis. MU has broken long-term uptrend and recent price action is looking bearish for a short-term at least.

Comment:

Huge gap down at the opening bell. Good time to take some profits if not already done so. Target is almost reached, look out for a bounce up or a break through the support line.

Trade closed: target reached:

Price is skimming the support line. I recommend closing your positions. RSI indicator is showing the stock is overbought but it doesn't mean the price can't continue to fall below the support line. I will not take any further action with MU at this time.