Micron’s Down-Cycle Looks Like It Has a Floor — A Tactical Long Setup
Micron’s stock has retraced from an all-time high but the company’s recent revenue and cash-flow metrics, limited leverage, and tight supply dynamics argue the current down-cycle may be capped. This is a mid-term trade idea: enter $790, stop $740, target $1,050 over ~45 trading days, with clear exit rules and risk management.