By Arie Goren:
Micron Technology Inc. (NASDAQ:MU) stock has surged strongly since the start of 2013. In fact, its relative strength index (RSI) technical indicator is indicating overbought conditions. Since the beginning of the year MU’s stock has gained 54.4% while the S&P 500 index has increased 7.0%, and the Nasdaq Composite Index has risen 6.3%.