Chart of the Day: Micron Comes Down With a Bout of Volatility

Avatar photo Bob Lang on July 22, 2026

Micron (MU)

We added Micron ($MU) to TheStreet Pro Portfolio’s EPS All-Stars basket as it posted some amazing growth numbers earlier in the year. This last month showed incredible earnings as well as the company reported stunning gross margins, talked of long-term memory shortages with strong demand and little in the way of resistance (other than eventual supply coming online).

The stock has been on a historic run higher in 2026 along with other names such as Seagate Technology ($STX) and Sandisk ($SNDK), but these runs will eventually fade. For now, we think the runway for earnings and growth have several quarters to settle out.

The steep angle of the price move for Micron is unprecedented, but so is the recent correction that happened just after earnings were posted in late June. What goes up must come down, and we are waiting to see if Micron can plant a firm bottom. Notice how volume declined as Micron sold off, that is a positive development.

The trend is still bullish with higher highs and higher lows, but the indicators on the chart are just turning upward. That is mostly due to the big one-day move up on strong volume this week. The candle turned from purple to amber on that day, so technically neutral on the GoNoGo composite of indicators. Relative strength was oversold and popped on July 21 while the money flow is leaking badly.

A recovery above the 20-day moving would show even more improvement in the chart and carry some nice momentum forward. The company does not report earnings until late September so for Micron to rally more it would have to “draft” from other earnings reports (like Seagate and Western Digital ($WDC) next week, for instance).

As a member of the EPS Diplomats Micron does not have a rating.

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At the time of publication, TheStreet Pro Portfolio was long MU.

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Posted by Bob Lang

Bob Lang is one of the country’s top options traders, an expert market technician, and a highly sought-after mentor and teacher. He is a private trader in equity and option markets and created his own hedge fund and options trading company called Explosive Options. He is also founder and Chief Options Analyst at Aztec Capital, LLC. He has been a regular contributor to TheStreet Pro's paid subscription products since 2009. Lang is both a short-term trader and long-term stock investor. He utilizes technical and fundamental analysis to find investment opportunities. His coverage for TheStreet Pro specializes in options trading, stock investing, and technical analysis. One of Lang’s claims to fame is his creation of the acronym FANG to describe the top tech companies at the time (Facebook, Amazon, Netflix, and Google). The acronym has since expanded considerably and is still widely used today. He is the author of the book “Know Your Options” and holds an MBA from the University of Redlands. When he’s not providing financial commentary for TheStreet, he can be found on the tennis court, reading, or traveling.

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