Micron: Pessimism Is An Opportunity

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About: Micron Technology, Inc. (MU)
by: Richard Marzouka
This article is exclusive for subscribers.
Richard Marzouka
Long/short equity, short-term horizon, commodities, biotech
Summary

Micron continues to be loved and hated and taking advantage of sentiment changes is an opportunity.

Micron is a momentum machine headed to $70 by the next earnings report.

Micron gains momentum into earnings when the price is undervalued based on its DCF analysis.

Recommending a buy on Micron.

Micron Technology, Inc. (MU) has been one of the best trades in the last two years returning 350% in profit. Has this run come to an end or will it continue forging incredible