Micron Up 97% In Past Year As Bullish Indicators, CHIPS Act Incentives Drive Investor Confidence
Micron Technology (NASDAQ:MU) has been on a bullish trajectory, reflecting strong investor confidence and favorable market dynamics.
Over the past year, Micron stock has surged by 97%, and year-to-date it has gained 58%, highlighting its robust performance. Shares were up 4.1% at the time of publication on Monday, signaling continued investor optimism.
Investor Optimism For Micron Stock Boosted By Bullish Indicators
From a technical analysis standpoint, Micron exhibits several bullish indicators.
Chart: Benzinga Pro
The stock is currently trading above its key moving averages, suggesting sustained upward momentum. Micron’s 8-day simple moving average (SMA) at $124.49, 20-day SMA at $118.47, 50-day SMA at $114.90, and 200-day SMA at $86.03 all signal bullish sentiments, with the current price at $128.09.
This alignment above the short, medium, and long-term moving averages underscores a strong bullish trend.
Full story available on Benzinga.com
