Micron Stock Keeps Hitting New Record Highs

Core Insights - Micron Technology (MU) is valued at $245 billion and specializes in high-performance memory and storage technologies, including DRAM, NAND flash, NOR Flash, and 3D XPoint memory [1] - The stock has shown significant price appreciation, gaining 125% over the past year and over 180% year-to-date, with a recent "Buy" signal from Trend Seeker on August 12, leading to an 85.91% increase since then [2][7] Technical Indicators - Micron Technology has a 100% "Buy" opinion from Barchart, with a Weighted Alpha of +201 and a Relative Strength Index (RSI) of 68.81 [8] - The stock recently traded at $237.50, with a 50-day moving average of $176.59, and has made 8 new highs, gaining 26.44% in the last month [8] - A technical support level is identified around $228.19, and the trailing price-earnings ratio stands at 30.80 with a dividend yield of 0.19% [8] Financial Projections - Revenue for Micron Technology is projected to grow by 45.53% this year and an additional 11.91% next year [9] - Earnings are estimated to increase by 101.57% this year and by 12.47% next year [9]