Memory Stocks Rally Ahead of Micron Earnings: Micron and Western Digital Up 6%, SanDisk Rises 5%
📊 MU — Piyasa Yorumu
■ neutral · 60%Micron shares have surged 9% in the last 24 hours, showing strong upward momentum. The RSI is approaching overbought territory at 72, increasing the likelihood of a short-term pullback or consolidation. Although the MACD remains positive and above the signal line, momentum may be showing signs of slowing. While the news headline reflects general optimism in the sector, the price may have already largely priced in this expectation. Therefore, short-term direction remains uncertain.
📊 WDC — Piyasa Yorumu
▲ up · 60%The headline notes a broad rally in memory stocks ahead of Micron's earnings, with WDC rising 6%. Technical indicators support the positive sentiment: the RSI at 65 is not yet in overbought territory, the MACD is positive, and the stock is trading above its SMA20 and SMA50. However, the sharp 16% surge in the last 24 hours may increase the risk of short-term profit-taking or consolidation. Therefore, while the uptrend remains intact, caution is advisable.