What To Do With Micron Now

Micron has lagged its technical peers over the last month but performance is likely to improve. The company reports earnings in the coming week. Let us look at the cyclical perspective of the Micron share price.

The weekly strip in the three-up chart below shows a momentum uptrend and an upturn in relative strength. The monthly strip reveals that the share price is still oversold and we see the same relative price upturn.