Jim Cramer Sees Opportunity In Micron Stock As Death Cross, Earnings Approach
Portfolio Pulse from Surbhi Jain
Micron Technology Inc. (NASDAQ:MU) is nearing a Death Cross, a bearish technical pattern, but analysts like Jim Cramer and BofA's Vivek Arya see buying opportunities. Despite recent declines, Micron's fundamentals remain strong, and upcoming earnings could be pivotal.
September 12, 2024 | 2:38 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Micron Technology is approaching a Death Cross, indicating potential bearish trends. However, analysts like Jim Cramer and Vivek Arya see this as a buying opportunity due to strong fundamentals. Upcoming earnings could be a turning point.
The Death Cross suggests a bearish trend, but analysts highlight strong fundamentals and potential for a rebound. Jim Cramer and Vivek Arya's positive outlooks suggest investor interest. Upcoming earnings could provide clarity on Micron's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100