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Barchart
Barchart
Wajeeh Khan

Should You Chase the Rally as Micron Stock Bounces Back?

Micron MU GF Securities Jeff Pu the Middle East

Micron (MU) shares bounced back on Wednesday as GF Securities issued a bullish note on the memory market, and signs of easing geopolitical tensions in the Middle East helped improve sentiment.

MU has successfully reclaimed its 100-day moving average (MA) and looks headed to test its 20-day MA next, indicating bulls are now taking back control across multiple timeframes. 

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