TradingKey – Micron Technology (NASDAQ: MU) has slumped to a price of $904.28 after dropping 6.96% on July 15, driven by a “perfect storm” of two new threats: Chinese memory maker CXMT revealed an $8.5 billion IPO plan to expand domestic DRAM manufacturing and U.S. government officials hinted that they are planning export restrictions on high-bandwidth memory. The two events combined put a lid on Micron’s two bull case catalysts: pricing power and demand visibility. MU is now approaching its 50-day EMA at around $902, which serves as the first line of support. Below that level, $869 represents the next major floor. KeyBanc on Monday updated its price target to $1,750 from $1,600, citing that the memory environment will remain tight…