The memory-chip stocks are reasserting themselves as a source of upside leadership within technology. Micron (MU) and Sandisk (SNDK) are both gapping higher today, suggesting their recent corrections have matured.
MU has decisively cleared its 50-day moving average, marking a bullish short-term catalyst. This breakout is supported by a positive shift in the daily MACD, reflecting renewed upside momentum.
SNDK has a similar setup, gapping above its 50-day moving average, confirming a short-term breakout. Both stocks are key to fostering leadership from the memory trade.
