TradingKey – Micron’s stock price surges close to $1,000; can it break through this key level this week?

On July 21, Eastern Time, the U.S. semiconductor sector staged a strong rebound once again, with the Philadelphia Semiconductor Index rising over 5%, and AMD ( AMD) and Intel ( INTC) both surged over 8%, while Micron Technology ( MU) soared over 12% to close at $970.82, hitting a near half-month high. With the stock price just a stone’s throw away from the $1,000 psychological barrier, the market is holding its breath to see if Micron can sustain its rally and conquer the $1,000 mark in one fell swoop this week.

On June 25, Micron’s stock price surged to an intraday record high of $1,255. Subsequently, Micron’s stock price fell all the…