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Micron To Test $34?

WIth the big Samsung (SSNLF) warning, Micron Tech (MU) appears headed towards a test of the lower bounds near $34. 

The memory stock typically doesn't reach new lows until the company prints the lowest YoY revenue decline in the cycle. This outcome won't occur until the current August quarter and possibly November. The time to buy appears in a bounce off the lows here corresponding with the completion of the weak August quarter. More research: Micron: At Least One More Quarter

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