MU Setting Up?

Founder of Share Planner • Aug 21, 2026 at 4:24 PM EDT • Updated Aug 21, 2026 at 4:46 PM EDT

Micron Technology (MU) displays a potential inverse head and shoulders pattern targeting record highs. Traders should watch for the SMH ETF to break above its 50-day moving average to confirm this bullish setup.

Micron Technology (MU) sporting what could be an inverse head and shoulders pattern, though I would say a 25% price range of its development is quite large for one, and makes trading it all the more difficult.

Micron (MU) inverse head and shoulders pattern.

The target for such a setup, if it can confirm, would be at the all time highs at around 1,250, but again, that would assume that SMH turns it around here, and breaks back above the 50-day moving average as well.