Key Takeaways
- Micron shares were little changed in premarket trading Wednesday after the memory chip maker posted better-than-expected quarterly results and issued a rosy forecast amid surging AI-related demand.
- During Wednesday’s trading session, investors should watch out for a potential breakout above a recently formed pennant pattern, a move that would indicate a continuation of the stock’s strong uptrend.
- Bars pattern analysis projects a potential upside target on Micron’s chart around $240, while key support levels sit near $155 and $129.
Micron (MU) shares were little changed in premarket trading Wednesday after the memory chip maker posted better-than-expected quarterly results and issued a rosy forecast amid surging…
