This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Buys (Yes, Buys) at 52-Week Highs

MU Chart

Micron Technology (MU - Get Report), together with its subsidiaries, engages in manufacturing and marketing semiconductor devices worldwide. The company was founded in 1978 and is headquartered in Boise.

52 Weeks Range: $10.52 to $27.54

Price To Book: 3.1

Micron's share price is rocketing higher, taking short sellers to task. Justifying the ever-increasing share price is the real growth in revenue and strong earnings. The market doesn't believe it will continue, and that's presumably the reason it will.

In the last month alone, the shares have increased over 20%. Part of the increase is undoubtedly from a short squeeze resulting from a combination of a 10% short interest and share price appreciation. The rising price forces shorts to cover and shorts covering push the price higher. Rinse and repeat.

Micron is a volatile stock with a 1.79 Beta. Beta is a measurement of a given stocks movement in relation to the market. That tells me that we don't want to chase this one because its price movement generally allows for a buy during a pullback. Investors can use the volatility to their advantage by selling put options as an entry strategy. The risk is lower, and the premium collected goes straight to your portfolio bottom line.

MU Revenue (TTM) Chart

3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MU $17.44 -0.74%
UIHC $13.82 -0.65%
AAPL $110.28 -0.45%
FB $92.93 -1.10%
GOOG $639.69 -0.28%


Chart of I:DJI
DOW 16,781.91 +5.48 0.03%
S&P 500 1,984.61 -2.44 -0.12%
NASDAQ 4,747.2730 -33.9910 -0.71%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs