Micron Technology Inc. (NASDAQ: MU), a manufacturer and marketer of semiconductor devices globally, is lower in mid-day trading today, extending its losses from previous trading sessions. MU has fallen sharply since last Friday after the company reported disappointing first-quarter financial results.
MU is currently trading 0.93% lower at $6.12 on volume of 8.29 million, which is a third of the daily average volume of 24.32 million. MU has fallen more than 3% for the week. The stock has slipped below a key support level in trading today. The next support level for MU is at around $6, followed by $5.80.
Oracle Corporation (NASDAQ: ORCL), a provider of enterprise software and computer hardware products and services, is down sharply in mid-day trading today. At last check, ORCL was trading 1.70% lower at $33.04 on volume of 9.84 million, which is significantly below the daily average volume of 23.70 million.
ORCL has slipped after hitting a 52-week high last week. The stock had risen sharply last week after the company reported strong second-quarter financial results. However, weakness in the broad market has dragged ORCL lower in the last few trading sessions. The stock is currently trading close to $33 support level. If it falls below this level then the next support level will be at $32.50.
Find out more on what investors need to do with ORCL by getting the free full report here:http://www.monstertradingalerts.com/market-scan/?symbol=ORCL
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
SOURCE Investor Alley, Inc.