I would not buy MU simply because earnings are strong and its price is at the 20- or 50-day moving average or VWAP from its year's low; a drop to the 200-day moving average is possible but not probable.

I wouldn't buy stocks like Micron simply because they have strong earnings, and I think their price is too low at a 20- or 50-day moving average, or perhaps at a volume-weighted average price from its lowest point since the beginning of the year.

what if Micron does this and that? It's not probable , but it's possible. What if it continues to drop to the 200-day moving average ? No... let's focus on Micron.