Micron Technology Inc. ($MU) experienced fluctuations in its stock performance, clearing a two-week high earlier in the trading session on August 22, 2024. However, the stock faced downward pressure in pre-market trading on August 23 after Mizuho Securities issued a negative outlook on the company's DRAM products. The stock was reported to be losing its 200-day moving average, indicating potential bearish trends, and a bearish rising wedge distribution pattern was observed, suggesting further declines could follow. These developments reflect growing concerns among analysts regarding Micron's market position.