AntonyGeorge
01:00

$Micron Technology(MU)$  Yes — it's actually already been there today. Micron's intraday high is $876.87, above the $870 mark, even though the stock is currently trading lower at $851.61, down from a previous close of $861 (Perplexity Finance).

So the question now is whether it can climb back up to $870 rather than "reach" it for the first time. A few things to weigh:

Today's range so far: $844.62 to $876.87 — a swing of over $32, showing the stock is quite volatile intraday right now (Perplexity Finance).

Distance to $870: from the current price it would need roughly a 2.2% bounce, which is well within a single trading session's typical range for this stock lately given the swings we've seen (Micron moved 13%+ in a single day back in June).

Sentiment backdrop: UBS just reiterated a Buy with a $1,625 target, and Bank of America models much higher long-term EPS, so there's no shortage of bullish analyst support that could fuel a bounce if buyers step back in (CNBC). On the other hand, Citi's fresh target cut to $1,150 (from $1,400) reflects genuine concern that memory pricing momentum is decelerating, which is the immediate overhang pressuring the stock lower today (Yahoo Finance).

Given it already touched $876.87 earlier in the session, a recovery to $870 is plausible before the close if buying interest returns, but the current trend within the session has been downward from that high. I can't predict the exact close — this is a highly volatile, news-sensitive stock right now.

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