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Barchart

Wajeeh Khan

Micron Broke Below Its 50-Day Moving Average. Should You Buy the Dip?

Micron MU Google Barchart Micron Technology

Micron (MU) shares remain under pressure on March 25 as investors react to the company’s massive tender offer for senior notes and Google’s release of a new quantization algorithm, TurboQuant. The selloff forced MU to break below its 50-day moving average (MA), indicating the momentum is finally turning in favor of the bears now.

Following today’s drawdown, Micron stock is down roughly 17% versus its year-to-date high.

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