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Shares of Micron (MU) - Get Micron Technology, Inc. Report  screamed higher on Thursday, closing up by 9.6% after the company's better-than-expected earnings results.

Shares are now adding to this year's gains, with Micron up more than 37%. However, the stock is running into its 200-day moving average, with many investors wondering whether it can continue to press higher.

With its low valuation and following a top- and bottom-line beat, will it be enough to push Micron stock over resistance? Let's look at the charts. 

Trading Micron Stock

9-month daily chart of Micron stock.

Earlier this month, Micron stock pulled back to its up-trending 50-day moving average. This level held as support, propelling Micron higher and allowing it to clear its 20-day moving average ahead of earnings.

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After earnings were well-received, shares erupted to the 2019 highs and the 200-day, where bulls are now left with the task of giving Micron stock an even bigger lift. Ideally, Micron stock would clear the 200-day and its year-to-date highs near $44, giving bulls a solid line in the sand to hold as support.

However, already up almost 9% on the day and that's not such an easy request -- at least, not on the first day of action. I want to see how MU stock closes the week. If it's north of the 200-day, the odds it testing the 50% Fibonacci retracement near $46.50 increases notably. It helps that even after the big rally, shares are not yet overbought according to the RSI (blue circle) and momentum is just now turning back in the bulls' favor according to the MACD (green circle). 

This stock has been trading well all year and it's nice to see it finally react positively to earnings. The trick will be maintaining these gains. Below the 38.2% Fib retracement near $42.25 and concern mounts for the bulls. While the 20-day and ultimately the 50-day moving averages play a role, it would be devastating to see the stock pullback that far after such a strong move on Thursday.

The bottom line? See how Micron stock handles the 200-day and whether $44 becomes support or resistance. If it's the former, $46.50 is a reasonable first target. If it's the latter, watch to see if $42.25 holds as support.

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This article is commentary by an independent contributor. At the time of publication, the author had no positions in the stocks mentioned.