MU makes memory chips for the i phones as well as other uses and has a market distribution in Singapore,Japan,China, Malaysia, & Taiwan., not sure about the UK.
The Stocopedia numbers look good with a 98 Mom, 98 Growth and 79 Value ranking. as well as a Superstock classification.. It also has a sales growth of 91%.
The Valuation is around $75 & therefore undervalued with a share price of $45, showing on the Vector Vest screen.
On the Stockopedia US bubble chart in my watch list This share is currently at the top, which is another good sign.50 day MA is fine. Perhaps another complimentary share ti go with IQE
Stop loss set @ $38.5
