Too far, too fast? Stocks like Micron are very stretched compared to historical trading patterns

A sharp rally in semiconductor and artificial intelligence infrastructure stocks has pushed several names to historically stretched levels relative to their long-term trends. At the same time, many defensive and slower-growth areas of the market remain deeply out of favor. CNBC Pro screened the S & P 500 for stocks trading the furthest above or below their 200-day moving averages, relative to their own historical trading patterns. …