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Micron Technology Teaches a Tough Trading Lesson

Micron Technology Teaches a Tough Trading Lesson

Micron Technology Teaches a Tough Trading LessonBy all accounts, the shares of Micron Technology (NASDAQ:MU) should be trading somewhere around $84. That’s the consensus price target which analysts have come up with. Given that MU stock is only trading at a forward price-earnings ratio of 4.4, the argument that the shares could be worth three times their current value of $51.37 holds water.

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