Micron (MU) is long from $21.77. It is trading at $74.12 as of this writing.
MU is a producer of semiconductor memory. 5G, electric vehicles and autonomous driving will increase demand for memory.
Zones
Raising the very long term target zone $115 to $130.
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 $68.57.
For those following the Best Way, the new buy zones is $57 to $63.78.
What To Do Now
Those in the stock with a very long term horizon may consider continuing to hold.
Those in the stock with a shorter horizon may want to know that the stock is overextended and can easily pull back. For this reason, it is appropriate to take partial profits if you are not holding for the very long term.
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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