Micron Technology Inc (NASDAQ:MU) shares are getting a boost following insider buying activity. Here’s what you need to know.
Micron Technology stock is at critical resistance. What’s driving MU to record levels?
Micron’s Insider Buying
According to a recent SEC Form 4, board member Teyin Liu picked up 23,200 shares of Micron stock across two trading days.
Liu bought 11,600 shares on Jan. 13, 2026 at an average price of $337.07. The next day, he made two more purchases: 3,780 shares at $336.63 and 7,820 shares at $337.50.
With these purchases, Liu now directly owns 25,910 shares of Micron.
Insider buying can be seen as a vote of confidence from company leadership. A move like this may draw positive attention from investors.
How Micron’s Momentum Signals Future Growth
Micron is currently showing strong bullish momentum, trading significantly above its key moving averages. With the 20-day SMA at $303.67, Micron’s stock is trading 17.3% above this level, indicating a solid upward trend.
The RSI is currently at 66.22, which is in neutral territory but approaching overbought conditions. This suggests that while momentum is strong, traders should be cautious as a move above 70 could signal a potential pullback.
MACD is above its signal line, indicating bullish momentum and suggesting that the upward trend is likely to continue. This positive momentum could attract more buyers, reinforcing the current price action.
Currently, there are no defined support or resistance levels, which means traders should watch for any price action that could establish these levels. If Micron’s stock breaks through recent highs, it could indicate a continuation of the bullish trend, while a drop could signal a need for caution.
The golden cross in June, when the 50-day SMA crossed above the 200-day SMA, marked a significant bullish signal for the company’s stock. This crossover typically indicates a strong uptrend, and the stock’s current position above these moving averages supports that view.
Looking at the 12-month performance, Micron has surged 247.47%, reflecting a powerful long-term trend. This impressive gain highlights the strength of the bullish momentum and suggests that traders should remain optimistic about future price action.
MU Price Action: Micron shares were up 6% at $356.95 at the time of publication on Friday. The stock is trading at a new 52-week high, according to Benzinga Pro.
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