Micron Technology shares are flying high for all the right fundamental reasons — but by one technical measure, they now look primed for a hard landing.
The memory-chip company’s stock
MU has been on a parabolic ride in recent months and finished January with its biggest monthly gain since February 2000, which was just before the dot-com bubble popped. Rising demand, coupled with AI-driven supply shortages, have led to higher prices and profits for Micron, as well as for some memory-storage companies.
This Micron stock chart is sending an ominous signal, if history is any guide
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Micron Technology shares are flying high for all the right fundamental reasons — but by one technical measure, they now look primed for a hard landing.
The memory-chip company’s stock
MU has been on a parabolic ride in recent months and finished January with its biggest monthly gain since February 2000, which was just before the dot-com bubble popped. Rising demand, coupled with AI-driven supply shortages, have led to higher prices and profits for Micron, as well as for some memory-storage companies.
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