This post was just published on ZYX Buy Change Alert.
MU is long from $21.77. It is trading at $47.06 as of this writing in the pre-market. Earnings were better than the consensus and whisper numbers.
As a note of caution, the company refused to comment on future NAND prices. It was concern about NAND prices next year that caused the dip in the stock. For the time being investors are setting aside this concern but this concern may resurface.
Wall Street is out in force raising targets on MU.
MU buy zone is $40 to $44.56 for those following the ‘Best Way.’ The buy now rating is a ‘YES’ but understand there is high risk; for this reason scale in only in small quantities if following the ‘Good Way.’ The target zone is $62 to $68.
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