Micron Technology (NYSE:MU) shares were up $0.27 to $8.83. The company announced that it has offered to take over Japanese company Elpida Memory for over $1 billion.Micron Technology (NYSE:MU) has potential upside of 19.5% based on a current price of $8.83 and an average consensus analyst price target of $10.56.Micron Technology is currently above its 50-day moving average (MA) of $8.02 and above its 200-day of $6.82.In the last five trading sessions, the 50-day MA has climbed 1.18% while the 200-day MA has slid 0.15%.
