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Micron Is a Boom and Bust Story — Jim Cramer Reveals How This Happens

Shares of Micron Technology, Inc. (MU) have been struggling lately, down 10% since mid-July. However, Citigroup analysts are "drawing a line in the sand," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Mad Dash" segment Tuesday.

The stock is rebounding by 2.77% to $28.90 in early trading as a result, but it is still carrying a bulk of its losses from the past few weeks. The analyst contends Micron stock's recent weakness is a buying opportunity, reiterating...