Micron Gap Fill

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Since I am typing this before the market opens, the earnings-surprise gap isn’t reflected in the chart below, but MIcron is surging strongly with a quote of about $23 right now. This will go a long way to closing its gap, pointed out below, at the 23.66 price level. I’m going to be watching this, because if it can stay below (or at least not far above) 23.66, it may be a very interesting new short based on its gap closure. It took half a year to undo the damage from the gap, but it’s clear that today will finish the job.