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Micron Technology ($MU) shares once surged to a high of $930.88 before pulling back sharply to touch a recent low near $818. The stock has since staged a solid short-term rebound, stabilizing near the 5-period moving average ($834.52), while the RSI has recovered from oversold territory to 51.86.
In the near term, the stock is expected to consolidate; immediate resistance lies in the $845–$852 range, with key support at $825. If the bulls can break through this resistance zone, the price could rise further to $860; conversely, a failure to hold the $825 support level could see the stock retest the $818 low. Investors are advised to closely monitor trading volume momentum to confirm the direction of the subsequent trend.
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