Micron At Highest Level Since January 2015

Micron Technology, Inc. MU shares are trading higher by 92 cents (3.2 percent) at $32.65 in Monday's session. Before the open, Wells Fargo raised its price target on the stock from $32.50 to $40.

Investors are also positioning themselves for the company's Q3 report that will be announced after Thursday's close.

After an opening print well above Friday's high ($32.08), Micron had a brief retreat to $32.36 before continuing its move higher. So far, the ensuing rally has eclipsed its former high for the move ($32.86) reaching $32.96. That high coincides with its mid-January 2015 high of $32.99.

If the rally can continue into and close above $33.00, it will be the first time since January 9 when it ended that session at $33.53.