Micron Technology Inc. (NASDAQ:MU) shares were trading higher Friday after the stock was dubbed a "top pick" at Evercore. The stock made the list after it was argued the stock could benefit from the "green shoots" seen in the memory industry.
Micron Technology was trading 8.13% higher at $83.28 late in the session.
Bulls are looking to see the stock continue to push higher as it breaks out. After a period of bullish movement, the stock may start to cool off. This is when bulls would like to see the stock hold its gains while it consolidates.
Bearish traders are looking to see the stock stop pushing higher and reverse. Bears are then looking to see a new lower high trendline start to form and for the stock to hold this line as resistance for a time. Bears would also like to see the stock fall below the moving averages for the sentiment to turn bearish once again.
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