1
Micron Technology’s stock price closed at $70.50 while witnessing a gain of 0.89% during the last intraday session.
2
Deutsche Bank analyst upgraded shares from hold to buy, increasing the price target from $65 to $85.
3
Taiwan Semiconductor Manufacturing Company (TSMC) has instructed major suppliers to postpone the delivery of high-end chip-making equipment, causing a downfall in Micron Technology.
Micron Technology (MU) stock has been in an uptrend since the beginning of 2023, forming higher lows and rising from the low of $49.55. The year-to-date return of MU stock is 39.44%, and the annual high is $74.77.
Recently, the stock price formed support at $62 and commenced a bullish rally, hoping to shatter the annual high, but the price got stuck near the resistance level of $72.
Source: MU Stock Price By TradingView.
Micron Technology stock has been printing bearish candles amidst demand uncertainty for the last two days. If MU st
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