Micron is one of the most active stocks today and is one of the few chip makers that is down.

I am watching Micron closely and will be a buyer if it breaks under $47 and stays above the support at $46.75.

Memory demand is still high but people are worried about a price war.

The head winds for Micron may be more in the area of tariffs from China.

Micron is in a great financial position. Two key stats are:

• Micron Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Micron Technology's cash and other short term assets cover its long term commitments.

Stats

Beta 1.43
PE Ratio (TTM) 7.56
EPS (TTM) 6.398
Earnings Date Jun 27, 2018 - Jul 2, 2018
1y Target Est 72.72

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