Micron (MU) is long from $21.77. It is trading at $80.11 as of this writing in the aftermarket. This represents a gain of 267%.
MU reported earnings after the close. Earnings are above consensus but in line with the whisper number.
MU is a producer of DRAM and NAND semiconductor memory. 5G, electric vehicles and autonomous driving will increase demand for memory.
The memory glut is over. There is potential for MU to go higher.
Raising the very long term target zone $126 to $135.
The recommended position size for the core position is 25% of full core position size.
For those following the Good Way, the Buy Now rating will become a ‘YES’ on a pullback under $75.57.
For those following the Best Way, the new buy zones is $64 to $73.68.
What To Do Now
Those in the stock with a very long-term horizon may consider continuing to hold.
Those not in the stock may follow the parameters given above.
This post was just published on ZYX Buy Change Alert.
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