Micron (MU) - The Trend is your Friend
MU retested the ~ $36 break-out twice and has since headed higher. A solid close above $46 could indicate continued strength and a push towards $58-$60 would be the next target.
Micron has remained within it's trend and break-out. Mgmt. has indicated they are in the early innings of the data demand which they have suggested could last until 2025. Recent mergers in the sector signal MU would be worth over $100. Strong balance sheet, share repurchases, and structural demand suggest this is a stock to watch going forward.
Micron has remained within it's trend and break-out. Mgmt. has indicated they are in the early innings of the data demand which they have suggested could last until 2025. Recent mergers in the sector signal MU would be worth over $100. Strong balance sheet, share repurchases, and structural demand suggest this is a stock to watch going forward.