During Friday's Mad Money program, Jim Cramer looked at the week ahead and zeroed in on a few stocks that were on his radar. Today we are due to get earnings from chip maker Micron Technologies (MU) after the close. Cramer told viewers that Micron remains a controversial stock. Let's check out the charts.
In this daily bar chart of MU, below, we can see that prices have largely traded sideways from at least May. MU has stayed in a $42-$54 range. Prices have been trading above and below the 50-day moving average line as well as the 200-day moving average line.
The On-Balance-Volume (OBV) line shows a bullish rise from March to early August and then a softer/weaker pattern into September. The Moving Average Convergence Divergence (MACD) oscillator has been moving around the zero line since May and tells us there is little "trend strength".