$MU Breaking Out of Downtrend?Micron Technology, Inc.NASDAQ:MUBrent_CalverMicron Technology has been a major mover this year, with large gaps both higher and lower since May. It reached an all-time high of $1,255.00 on June 25, then pulled back about 35% to a low of $804 by July 17. Over the past four trading days, it has rebounded roughly 22%—a wild ride. It appears to have broken the downtrend yesterday, July 21, and is trading roughly flat today. The stock is at an interesting level as it moves above the downtrend line and reclaims both the 50-day and 21-day moving averages. However, it seems to be stalling near a horizontal resistance area. To look more convincing, I would like to see it break above that resistance. For full disclosure, I entered a long position yesterday in both MU and MUU, the 2x leveraged ETF.