But, while MU is in the Accumulation Zone, I also said I was not yet buying the stock. I feel that another cycle down in the market will take MU to possibly a new low. In any event, I don’t think the stock is going to run away to the upside and I like the prospect of staying in cash longer. Time, you see, is our most valuable commodity.
But if you are looking at the markets with a 3 to 5 year horizon, it makes sense to buy MU here, for the reasons explained by Seeking Alpha.
MU 1-yr chart