TradingKey – As of the close on Monday (November 2) Eastern Time, Micron (MU) fell 5.78% on the day to close at $833.59, hitting an intraday low of $829.24, just a step away from the $800 mark. Over the past three trading days, Micron has fallen continuously, with its stock price rapidly falling back from $983.23 on October 28 to around $830, noticeably widening its short-term pullback.

Micron stock price daily chart, Source: TradingView

Looking at Micron’s daily stock price chart, the recent stock price pulled back for three consecutive trading days after rebounding below the $1,000 mark on October 28. It has now fallen below the 144-day moving average and broken below the October 22 low of $849.25, indicating an increasing likelihood…