Micron Technology shares rise on positive reports

Micron Technology shares rose 3.6% on Thursday, 

and Citi's Christopher Danieli raised his target price to $175 from $150, 

maintaining his buy rating.

The company's fourth-quarter earnings report is expected to be released

 on September 23, and is expected to be in line with expectations.

The stock is currently trading near $151,

after breaching previous strong resistance levels, which were located at $130.

We are expected to see some corrections for the stock soon.

These corrections may extend near the $132 level

and even to the $130 level, from where we may see 

a return to the stock's upward trend.

These areas are considered strong, and the stock is expected

 to rise from them if it returns to them.