Keep an eye on oversold shares of Micron Technology (SYM: MU).
After dropping from about $110 to a low of $89.39, it’s now attempting to pivot from double bottom support. It’s also attempting to pivot from over-extensions on RSI, MACD and Williams’ %R and could potentially retest $110 in the near term.
Helping, analysts at Mizuho just named it as one of its top picks.
As noted by Investing.com, “For Micron, one of the important players in the ongoing AI boom that produces memory chips, Mizuho expects it to benefit from improved pricing in DRAM and NAND, with AI-driven tailwinds supporting the company’s HBM share gains, particularly through its partnership with NVIDIA.”
