Micron Technology (MU) broke through its declining channel this past week and, in the process, broke out of its ascending triangle to the upside, while reclaiming all of its moving averages, including the 50-day.
Overall, it looks set up to make a run back to the all-time highs again, following its heavy two-month pullback.
Technology as a sector remains strong, and the semis, while having rallied for all of August so far, could be vulnerable to a pullback as it struggles with the 50-day moving average for a third straight day.
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