Verified Investing on $MU (Oct 28, 2026)
Micron rose about 5% today, adding roughly $45 billion to a market value near $1 trillion, but the speaker is watching its downward trend line and expects heavy selling pressure once price enters that range.
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As for Micron, it made huge gains today, and its market capitalization is only $1 trillion , or $1.1 trillion . We will bring it closer to a trillion dollars. Every 1% means adding $10 billion to its market value.
So, what was added today only? This is yesterday's candle. We move from yesterday's closing to today's , about 5%. Very close to 5%. It reached 5.5%. So, today we add $45 billion to its market value.
What level am I monitoring? The downward trend line will be for Micron. I expect heavy selling pressure once we enter this range.
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Verified Investing has 12 calls on this stock; only the adjacent ones are shown.