Micron Stock Chart Breakdown Alert

Micron Technology (MU) is trading at $48.55 (-5.00%) on the day. The Micron stock chart is signaling a major breakdown on a technical basis. A trend line stretching back from April 2020 has been hit multiple times. It is an up-sloping trend line signaling the uptrend. However, today the Micron stock chart has broken that trend line to the downside. This signal a break of the trend and a breakdown in the chart. Micron is likely headed to $38.00. This represents a downside move of around 21%.

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