Micron Stock: What's Driving the Recent Surge?

Insider Buying Signals Confidence

Micron Technology's stock has been on a remarkable run, and insiders are taking notice. Board member Teyin Liu recently purchased a significant number of shares:

• First Purchase: 11,600 shares at $337.07
• Second Purchase: 3,780 and 7,820 shares the next day
• Total Ownership: 25,910 shares directly

This insider buying could be a green flag for investors, indicating strong confidence in the company's future.

Strong Technical Indicators

Moving Averages & Momentum

• 20-day SMA: $303.67
• Current Price: 17.3% above the 20-day SMA
• RSI (Relative Strength Index): 66.22 (Neutral, approaching overbought territory)

MACD & Trend Analysis

• MACD above signal line – Bullish momentum continues
• No clear support/resistance levels – Traders should monitor price action

Golden Cross & Long-Term Growth

• June Golden Cross: 50-day SMA crossed above 200-day SMA (Bullish signal)
• 1-Year Stock Surge: 247.47% growth

Recent Performance

• Friday's Close: $356.95 (Up 6%)
• New 52-Week High
• Trend: Backed by strong fundamentals and insider confidence