MU opened and closed below its 100 day SMA
on the daily time frame. I can definitely see some more downside down to $39 and maybe even the 200 day SMA
on the daily time frame, which is also the 50 day EMA
on the weekly time frame.
Considering a $37 Feb put sale for a limit of $0.40 or better. I wouldn't mind owning shares in MU :-)