Micron Technology: New All-Time High

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Micron Technology stock formed a new all-time high, but then pulled back sharply by nearly 15%. In our primary scenario, MU should resume its advance shortly and form a high at even higher levels. Alternatively, the recent peak may have already marked the top. In that case, the stock would already be in a downward move (probability: 32%). This alternative scenario would be triggered by a break below the support at $328.20.

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