Micron Technology (MU) stock price extended its losses in its latest intraday trading, amid the emergence of negative signals from the Stochastic indicator, as the stock attempts to establish a higher low that could serve as a base to gain the positive momentum needed to resume its recovery. The stock has recently reached support at its 50-day SMA, coinciding with support from a minor short-term bullish trendline, representing a last opportunity to build this positive momentum.

Therefore we expect the stock price to rise during its upcoming trading sessions, provided that current support at $400.00 remains intact, targeting once again the key resistance level at $450.00.

Todays price forecast: Neutral