The Trend Is Still Your Friend With Micron

Micron has been trending up – but it’s rally still has legs…

This story was originally published here.

Tech names like Micron Technology (NASDAQ:MU) have staged a spectacular recovery since the March market bottom. Along with the Nasdaq generally, the MU stock rebound is proof positive that the technology sector hasn’t been particularly vulnerable to the ravages of the novel coronavirus.

A number of factors make tech stocks attractive now. These include the progress of the 5G network, the Internet of Things (IoT), self-driving vehicles, and wearables. To those we can add the explosion in the gaming market due to lockdowns and shelter-in-place mandates. Plus, the work-at-home trend has brought cloud computing to the forefront of the tech sector.

Directly or indirectly, Micron should continue to benefit from all of these technological innovations. Even with coronavirus concerns not yet quelled, betting against MU stock now wouldn’t be a wise move…

Editor's Note: For the rest of the story, click here.

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Click here for the full story.

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