$MU selloff looks to be overdone in our opinion. Other analysts agree with this assessment.
Needham raised its Micron (NASDAQ:MU) target from $50 to $60 after Micron's earnings report.
Taking note of Micron's downside gross margin guidance - attributable to the excess NAND inventory and related pricing - Needham nevertheless sees several upcoming catalysts for...
NASDAQ:MU seems to be poised to be a potential long-term value pick. The financials suggest that it is below it's intrinsic value, and with their clients like NASDAQ:AAPL looking to make big moves, it may bring Micron along for the ride. While this stock has seen some very volatile swings, if you stick it out for the long haul, it is likely to pay off!
Micron reached nice levels where to start building short position.
In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession.
More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD...
Micron (MU) has had a monster run, now it looks time that the longs will take profits.
MU is in a rising wedge and has shown a high degree of excess exuberance, i would be looking at either taking your long profits now and wait for a pullback to the 9 ema, or i would look for a short trade with the same target in mind.
Personally i would favor the latter as the...
MU retested the ~ $36 break-out twice and has since headed higher. A solid close above $46 could indicate continued strength and a push towards $58-$60 would be the next target.
Micron has remained within it's trend and break-out. Mgmt. has indicated they are in the early innings of the data demand which they have suggested could last until 2025. Recent mergers...
Beautiful movement with MU. Looks like it moved away from that heavily bought/sold area marked R1 - With good China news - could be the fuel it needs to get above that and make a new found support. $40's sooner than later IMO
MU has been beaten down for far too long - considering the amount of cash they make.
RSI coming up nicely but hoping to move to the top of that new found range it's been trading in, then the real test of R1 & R2.
Watching from the sidelines till something convincing takes place but if MU moves lower, I'm willing to enter at high $20's.
Patience with MU from...
MU is a clear tech short for summer. Consistently missed on earnings, and a kind of messy H&S pattern. Might be a potboiler, but the skewed H&S leads to an obvious support level of 27 (our target), which in turn means an entry at 39 (market) allows a generous $3 (7.7%) stop. Obviously a small size trade.
Only an earnings surprise on Jun 21 could upset this trade,...
Ascending Triangle Pattern NASDAQ:MU
Inverse Head and Shoulder - apply the distance upward from the tip of the head to the neckline to get a target of $47.15 with an accurate target of $46.62
(I know the H&S is months old but the target remains the same.)
Thinking about this for awhile before I consider pulling the trigger on some calls.
Thanks for visiting.
LONG TERM TRADE. ONLY FOR THE PATIENT.
On Thursday, $AVGO (Broadcom) earnings call called for a bottom in the semi business in Q2. With that being said, $MU is looking like a good setup for a long term swing trade. In December, we see micron bounced at $28 and rallying to $43. Now we are currently sitting on the 9 day avg line (1 week time frame). I have chosen...
LOW RISK, HIGH REWARD.
Although there many be many negative articles surrounding these main stream micro chip stocks, we can see huge upside comparable to risk in these names.
See chart for trade configuration
Sept 2019 forward buy and hold... *********
Semis are severely overbought and MU has outperformed the recent bull run this month without any uniquely good news for them, so I expect MU to give back it's gains on a pullback more than average. With semis overbought, market uncertainty into next week, and weekly options expiring tomorrow, I expect a decent selloff tomorrow. Tomorrow would be great timing for...