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Micron Stock Dips in Premarket as Tech Rally Pauses

1 min read
Source: Benzinga
Micron Stock Dips in Premarket as Tech Rally Pauses
Photo: Benzinga
TL;DR

Micron Technology (MU) fell more than 2% in Thursday premarket trading as risk appetite cooled for tech stocks. The stock remains above longer-term trend lines but faces near-term pressure, with resistance around 1,089.50 and support near 991. Analysts remain bullish overall, and investors are awaiting the Sept. 22 earnings report; MU also has notable ETF exposure in SPMO, SOXQ and DAX.

Topics:businesstechnology#analyst-outlook#etf-exposure#micron-mu#premarket-trading#semiconductors#technology
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