MU Price Chart
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MU has good technicals (RS 96/99, IN BASE) but fundamentals are strong. potential breakout trade with moderate conviction. Set a price alert and revisit when conditions improve.
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To turn bullish on MU, we need:
MU has good technicals (RS 96/99, IN BASE) but fundamentals are strong. potential breakout trade with moderate conviction. Set a price alert and revisit when conditions improve.
MU broke out at $276.59 and is now +22.2% extended. Consider waiting for a pullback to the $324.76 - $301.38 (10-21 EMA) for lower-risk entry.
MU has an RS Rating of 96/99, meaning it's in the Top 4% of all stocks for relative price performance over the past 12 months. Minervini recommends RS 80+ for momentum trades.
Important Disclosure: This analysis is for educational and informational purposes only. Technical and fundamental indicators are based on historical data and do not guarantee future performance. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.