TradingKey – Micron Tumbles 5% Today as Bulls and Bears Battle Fiercely at the Make-or-Break $1,000 Mark.

On August 18 US Eastern Time, shares of Micron Technology (MU) once again experienced severe volatility, falling 5% in pre-market trading and breaking below the key $1,000 mark to drop as low as around $956. Yesterday, Micron’s stock price surged before pulling back, ultimately closing up 4.13% at $1,011.75. It is evident that Micron’s stock price has fluctuated violently over the past two days, with the battle between bulls and bears reaching a fever pitch as both sides attempt to fight for the $1,000 round-number level.

Bearish catalysts mainly stem from profit-taking by top institutions and long-tail competition. According to Q2…