{"id":433910,"date":"2026-07-16T23:32:52","date_gmt":"2026-07-16T16:32:52","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/micron-shares-are-down-another-5-8-on-day-32-from-all-time-high-is-there-a-bottom-in-sight-433910\/"},"modified":"2026-07-16T23:32:52","modified_gmt":"2026-07-16T16:32:52","slug":"micron-shares-are-down-another-5-8-on-day-32-from-all-time-high-is-there-a-bottom-in-sight","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/micron-shares-are-down-another-5-8-on-day-32-from-all-time-high-is-there-a-bottom-in-sight-433910\/","title":{"rendered":"Micron shares are down another 5.8% on day\/32% from all time high.  Is there a bottom in sight?"},"content":{"rendered":"<div>\n<p>Micron (MU) has fallen to its lowest level since May 22, trading down to $847.46. That decline has pushed the stock into a key swing area between $818.67 and $860.68, a zone that could attract buyers looking for value after the sharp selloff.<\/p>\n<p>Since peaking at an all-time high the day after its better-than-expected earnings report on June 25, the stock has now dropped nearly 32%. The question for investors is whether that decline has become overdone.<\/p>\n<\/p>\n<p>For dip buyers, the current setup offers a clearly defined risk. The lower end of the support zone at $818.67 provides a logical level against which to manage a position. From current levels, that represents roughly $32, or about 3.7%, of downside risk. While that&#8217;s not insignificant, it may be an attractive tradeoff after a stock has already corrected more than 30% in just a few weeks.<\/p>\n<p>If buyers can defend this support area, the first upside target comes near $900, home to the 38.2% retracement of the rally from the March 31 low to the June 25 high. A move back above that level would increase the bullish bias and should encourage additional upside momentum. The 100 and 200 hour MAs are converged at $1015.\u00a0\u00a0\ufeff<\/p>\n<p>Of course, the bear case remains that Micron is reverting to its historical reputation as a highly cyclical semiconductor stock, with the AI-driven enthusiasm fading.Markets can price in that shift well before the earnings fully play out. However, with risk clearly defined, traders and investors know where they&#8217;re wrong. If sentiment shifts back toward the AI growth story, buying after a 32% correction in roughly three weeks could prove to be a favorable risk-reward opportunity.<\/p>\n<p>What do you think?<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Micron (MU) has fallen to its lowest level since May 22, trading down to $847.46. That decline has pushed the stock into a key swing area between $818.67 and $860.68, a zone&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433910","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433910"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433910\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}