MU Gains 5.52% on $2.22B Inflows Near 52-Week High $455

$Micron Technology(MU)$

Micron Technology, Inc.(MU) Soared +5.52%: Memory Giant Retests Highs, Eyes $455 Breakout

Latest Close Data:

MU closed at $437.80 on 2026-02-02, surging +5.52% for the day. The stock is now within 3.9% of its 52-week high of $455.50.

Core Market Drivers:

The rally was driven by strong buying interest, with a net inflow of $2.22 billion.
The lack of specific news suggests the move was fueled by positive sector rotation and anticipation of strong quarterly results.

Technical Analysis:

Volume was solid at 37.77M shares (Vol Ratio 0.94).
The RSI(6) at 73.01 indicates strong momentum but is nearing overbought territory.
The MACD remains bullish with a positive histogram of 7.36, though momentum has slightly slowed from prior days.

Key Price Levels:

Primary Support: $339.38 (Previous swing low, critical for trend health)
Strong Resistance: $435.38 (Immediate resistance from last week)
Immediate Pivot: $437.80 (Today's close, acting as a launching pad)

Valuation Perspective:

The stock trades at a forward P/E of 12.47, which is significantly above its historical average (-0.97), reflecting high growth expectations in the memory cycle. The P/S ratio of 11.65 also indicates a premium valuation.

Analyst Targets:

Sentiment is overwhelmingly bullish. Among 46 analysts, 14 rate it Strong Buy and 28 rate it Buy, with an average price target of $349.87. The highest target sits at $500.

Weekly Outlook:

Expect consolidation near the $435-$442 resistance zone. A decisive breakout above $442.43 (today's high) could target the 52-week high at $455.50. A failure to hold above $435 may lead to a pullback towards $410.

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