Investor Alley Inc.

NASDAQ Stocks Traders Should Watch Closely: (NASDAQ:MU), (NASDAQ:FLEX)


New York, NY -- (ReleaseWire) -- 01/25/2013 --Micron Technology Inc. (NASDAQ:MU) opened at $7.88 and oscillated in the range of $7.88 and $8.08 in the latest trading session. It is currently at $7.94, up 1.47 percent from its previous close of $7.83. The stock has traded 17.896 million shares so far. Its usual trading volume is 25.196 million shares. Micron Technology shows bullish trend and the stock’s first resistance level is at $8.02. On the downside, it may slip to $7.85.

Micron Technology develops and markets semiconductor devices. The company specializes in DDR, DRAM and SDRAM memory products. Micron Technology is based out of Idaho.

Find out if MU could pick up more steam in the upcoming trading sessions here:

Flextronics International Ltd. (NASDAQ:FLEX) is trading in the range of $6.06 and $6.35 during its latest trading session. The stock had opened at $6.0 and is at $6.3050, down 6.18 percent from its previous close of $6.72. Flextronics International recorded the volume of 8.906 million shares so far, significantly higher than its average daily trading volume of 4.392 million shares, thus showing neutral trend. Flextronics International has its first resistance level at $6.49. After touching this level, it may go up to $6.58.

The company reported its quarterly income at 22 cents per share. Its revenue stood at $6.12 billion.

Find out what traders and investors need to do to successfully trade FLEX by getting the free full report here:

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Michael Baine