Micron Technology, Inc. MU shares are trading lower by $0.50 (2.4 percent) at $25.71 in Tuesday's session. Despite being a top pick on CNBC's "Fast Money" Monday evening, the stock is following the broad market lower.
Micron's stock is one day removed from its 21-month high made Monday at $26.61. That high coincides with its June 8, 2015 high of $26.63. After a slightly higher open, it found sellers just ahead Monday's high, only reaching $26.44 before turning lower.
The ensuing decline easily surpassed Monday's closing price of $26.21, so far reaching $25.50 and is attempting to rebound. That low coincides with last Thursday's low of $25.43.
If the decline continues over the next few days, the next support level based on the daily charts comes in at its series of lows at the $25.00 level from earlier this month.
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