Micron Technology (MU) stock price slipped lower in its latest intraday trading amid continued negative signals from the Stochastic indicators after previously reaching deeply overbought levels, as the stock attempts to establish a higher low that could serve as a base to gain the positive momentum needed to restore its recovery, while continuing to trade above its 50-day SMA, under the dominance of the main upward trend in the short term.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $605.00 support level, targeting once again the $818.00 resistance level.

Todays price forecast: Neutral