Let's take a few minutes to add the charts to the Cramer's analysis.
Prices have been outlining a large triangle-like pattern from April.
'Bottoming' and 'bottomed' are two very different things.
Despite the selloff in this name, if you believe in a rally, you can bet that MU will be a leader.
Let's see what the trading into early next week brings before establishing any new trades in Micron.
I have made money being long Micron when I was sure that I needed to get out. I have lost money being long Micron when I was sure that I was right.
Let's see how the semiconductor company opens, trades and closes before deciding if it is a buying opportunity or the start of a deeper decline.
Like central bankers, the equity markets seem oblivious to weakening global economic conditions that indicate a recession already is here.
Trading volume has been shrinking from late June, and this is not the picture technical analysts like to see.
It's all about consistent cash flow. Annuity anyone?