Micron's Stock Sees Sharp Gains on Financial Profits

Micron Technology announced its financial results,

which exceeded Wall Street analysts' expectations.

The company reported profits of over $13 billion, 

whic spurred its shares to surge by more than 10% in pre-market trading.

The company's strong earnings are attributed to increased demand for its memory chips.

The company anticipates continued growth in demand in the coming period.

Technical Outlook for the Stock

The company's stock is currently trading near $250, with indications

of an upcoming correction, coinciding with the stock's proximity to significant resistance levels

near $264.

In the event of a correction and decline, the $211 level is considered

one of the best potential buying opportunities for the stock, which is expected to

push the stock upwards again.

The $220 level is also considered a good entry point, 

but you should wait for any buy signals before entering to minimize risk.