Look at a Micron chart and you see a textbook parabolic move, up hundreds of percent and now near $1,000. Parabolas are powerful and they trend far longer than anyone expects, so I would never short this just because it looks extended. But I also would not chase it here. When price runs this far above any reasonable moving average, your risk on a new long is enormous, because the snap back to the mean is violent when it comes. If you are already long, trail your stop and protect the gains. If you are not, wait for a pullback to a level you can actually define risk against. The trend is your friend until the bend.
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