Should You Buy Micron Stock Below $1,000? Here's What the Math Says.
Any time Micron trades under $1,000 per share, it could be a buying opportunity for investors with the right expectations.
Overview
Micron Technology (NASDAQ: MU) stock has been on a wild ride between June 22 and July 22, trading as low as $804 and as high as $1,255. Given the volatile price swings over that time, when Micron's stock price falls below $1,000, investors may be wondering whether it's a "buy-the-dip" moment or if it's better to stay on the sidelines.
Based on the median price target from 54 analysts tracked by CNN, here's what the math suggests about whether buying Micron below $1,000 has a favorable risk-to-reward setup.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.