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.
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.
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