Micron Breaks $898 Support: Is the AI Memory Trade Finally Cracking?
Executive Summary:MU trades near $853, down roughly 8% across two sessions in a broad semiconductor selloffShares broke below the $898 support level, with the 50-day EMA also rolling over14-day RSI has fallen to roughly 29, firmly in oversold territoryDespite the drop, MU is still up +188% year to date, and analyst targets remain aggressively bullish, with KeyBanc raising its target to $1,750The stock remains in a falling channel; reclaiming the 50 EMA near $897.80 is the first test for bulls, w