New York (December 17th, 2012) - Micron Technology Inc. (NASDAQ: MU), a global manufacturer and marketer of semiconductor devices, is down sharply in mid-day trading today. At last check, MU was trading 2.19% lower at $6.70 on volume of 15.35 million.
MU has struggled in the last four trading sessions after rising sharply in the previous two weeks. The stock has been struggling after hitting $6.80 resistance level. If MU can break through this level then the upward trend will continue. However, technical indicators suggest that the bullish trend may be coming to an end. MU currently has support at around $6.40.
Last week, MU had announced that it extended its portfolio of Phase Change Memory for mobile devices.
Find out how this announcement could benefit MU by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=MU
Glu Mobile Inc. (NASDAQ: GLUU), a designer, marketer and seller of mobile games, is marginally lower in mid-day trading today. GLUU is currently trading 0.20% lower at $2.43 on volume of 397,078, which is nearly a fourth of the daily average volume of 2.09 million.
GLUU has traded in a very tight range over the past couple of weeks. The stock has been struggling to break through $2.50 resistance level. Technical indicators for the stock are currently giving bearish signals.
Late last month, GLUU had announced that launch of Contract Killer Zombies 2.
Get all the tips and hints traders need to successfully invest or trade GLUU by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=GLUU
MonsterTradingAlerts.com issues momentum alerts on stocks that can provide gains to day traders. MonsterTradingAlerts.com provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. MonsterTradingAlerts.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals MonsterTradingAlerts.com is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the MonsterTradingAlerts.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www. MonsterTradingAlerts.com
Disclosure: MonsterTradingAlerts.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit MonsterTradingAlerts.com website, for complete risks and disclosures.
Alexander K. Neumann
Monster Trading Alerts[email protected]