- Micron is a major provider of data storage semiconductors, including DRAM, flash memory, and solid-state drives, which are essentially commodities needed for the manufacture of most digital products.
- Micron was breaking out prior to the pandemic and is now making new 2020 highs. It appears that it finally resumed that breakout.
- Micron just closed the week at the highest weekly close in 20 years and appears likely to finish November at the highest monthly close in the last two decades.
- I believe Micron has the potential to test its all-time high closing price of $96.56 made on July 14, 2000, and possibly make new all-time highs on a continuing melt-up.
For further details see:
Micron Finally Broke Out And Is Likely To Melt Up To New Highs