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Why Micron and Sandisk stocks look risky right now

Why Micron and Sandisk stocks look risky right now

Super-hot memory chip plays Micron (MU) and Sandisk (SNDK) could finally be poised for pullbacks.

The technicals on each tell that story, BTIG chief market technician Jonathan Krinsky told Yahoo Finance.

With Micron, the spread between its current stock price and its 200-day moving average exceeds 100% — wider than anything seen during the dot-com bubble, Krinsky said. It’s worse for Sandisk: Its spread compared to the 200-day moving average is a whopping 400%.

“We continue to think the memory group of semis is one of the most vulnerable areas of the market for downside reversion given how extreme the move has been,” Krinsky explained.

Sandisk is a once-forgotten memory chip player founded in 1988 that sells data storage…

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