I strongly believe in fundamentals first and foremost.
I ran the fundamentals, today, on lots of companies, looking for AlphaDog Stocks ... stocks that have an ABOVE AVERAGE Risk/Reward Ratio, and that'll return a percentage that I expect will beat the S&P 500's return.
MU came out "near" to the top of the list:
Closing price 3/31/2010....: $10.37
1 year target....: $14.18
Potential Reward: 36.74%
Foward P/E ...: 7.32
PEgrowth (PEg) ratio ...: 0.87
Price/Book Value ....: 1.70
There are many more ... and I'll be adding them to this post ... when I get back, and after I double check the math.