The 50 and 200-day moving averages should be the key focus here this week for Micron. We can see on the daily chart the price surged following its earnings report and closed above both of the moving averages, what followed seems like clear profit-taking. The price is now back below the 200MA but the 50MA is providing support here in the near term around $97.02. A break below could shift the attention back towards the support base around $84-$85. Towards the upside, the 200MA will act as the primary resistance, currently reading $106.50. A move above it should lead to a re-test of the resistance of $114.77. The stock’s shares are trading at around $101.84 a share in the pre-market at the time of writing, from a technical aspect, the momentum has faded a touch but arguably remains more bullish than bearish in Minipip’s opinion. This perspective is concluded based on the positioning of the MACD and the RSI.