Buy The Dip On This Freefalling Chip Stock

Chipmaker Micron Technology (MU) was not spared from the tech sector rotation. The shares hit a record high of $157.53 on June 18, but have since taken a 30% haircut. If past is precedent though, this could be the time to take a flier on MU, considering the chip stock has pulled back to a historically bullish trendline.Micron is within one standard deviation of its 200-day moving average, per Schaeffer's Senior Quantitative Analyst Rocky White. For the purpose of this study, White defines that as the equity ...