TradingKey – At the close on September 18 US Eastern Time, Micron Technology (MU) stock rose 3.92% to close at $1,015.80, after touching an intraday high of $1,016.44; this followed a 5.50% surge on September 17. The two-day cumulative gain approached 10%, reclaiming the round-number threshold of $1,000. Compared with the low of $902.60 on September 14, the share price has rebounded by over 12%.

Daily chart of Micron stock price, Source: TradingView

Judging from the daily chart of Micron’s stock price, the stock rebounded and reclaimed $1,000, while approaching the phase high of $1,042.40 set on September 9. Trading volume reached approximately 34.6 million shares on September 18, significantly higher than the recent average of about 24.8…