Micron: A Stock Heading For Trouble

Summary
  • Micron’s stock lost a quarter of its value in the last six months.
  • The company’s unamusing outlook for Q2 signals that the upside is limited right now.
  • Micron is a SELL for us at the current price.

The memory-chip company Micron Technology, Inc. (NASDAQ:MU) last month posted a weak outlook for Q2 where it expects to make $7.9 billion in revenues against the consensus of $8.94 billion. We see this as a red flag, which might

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