Micron continues to ride the grey uptrend line. RSI is currently overbought, and the past shows us we should expect a pullback. However, the Bollinger bands still show some wiggle room up to $65, with heavy resistance just over $66. I will post updates when necessary. This is not financial advice. Questions, criticism, and other ideas always are appreciated. Cheers!
Price/Earnings 8.60 Price/Sales 1.82 Price/Book 2.81 Price/Cash Flow 4.53 Quick Ratio 1.75 Current Ratio 2.34 Long Term Debt/Equity 53.13% Total Debt/Capital 37.46% Revenue Growth 3 Years 24.23% EPS Growth 3 Years 73.62%
Couple of bearish cues on MU: #1 Potential weekly 3-drive pattern completion #2 Currently trading at 61.8% retracement of last All Time High #3 Potential ABCD completion in the 240M time frame #4 Huge volumes which suggest exhaustion, last hooray Min target would be the 38.2% retracement level around the $40-$43 level.
Here is my best guess at a path for Micron (MU) between now and the close on 3/22. It appears we have completed wave 3 of a large 5 wave impulse pattern. Within this Wave 3, MU has completed 5 sub-waves and now appears to be working on the ABC correction. Wave A is in, B was recently completed, and now we are attempting wave C which will be 5 smaller waves down...
I took profit and now looking a new entry price. Seems we will test Ex resistance. Good oportunity to buy at a cheaper price before ER on 22nd. SL 48 Next target @ ER 57.20 Keep calm and embalm
Micron ($MU) rallies on strong demand for personal and cloud computing. There were concerns that demand for DRAM and flash storage were going to decline over the coming year, however those fears may not materialize. The stock broke out to a fresh all time high on strong volume.
I was thinking about it and it does look like there's an opportunity for a nice long position near $39.50. With an aggressive stop bellow $39. Let's see how it plays out
My first Idea, please be nice :) Noticed that $MU is forming a bullish flag (or maybe pennant)... Although it is not a perfect flag, it's still interesting. I will definitely buy if it breaks out of the upper channel with good volume. Convergent indicators: 1. Bounced off the 200 MA 2. MACD crossing 3. Bounced off the strong support at $39.10 Neutral...
Micron updated guidance for Q2 and now expects revenue in the range of $7.2B to $7.35B from prior guidance of $6.8B to $7.2B and of consensus estimates of $7.02B. In addition, the company expects EPS in the range of $2.70 to $2.75 from prior guidance of $2.51 to $2.65 and consensus estimates of $2.57. The business couldn't be stronger and while recent volatility...
If you randomly picked a few readers of r/WallStreetBets, they'd probably tell you all about Micron (MU) & AMD and how they have fantastic potential. Focusing in on MU: is it going to live up to the hype? From a technical analysis point of view, I'm inclined to agree! A very textbook flag/triangle pattern is forming - these patterns are generally trend...
Micron Technology (ticker: MU) is one of the largest manufacturers memory and storage solutions. The company is currently benefitting from a significant uptick in demand for its products and has seen an explosion in revenue and profits in recent quarters. Due to our technology loving society data usage, and therefore storage, has been growing off the chart. These...
Micron Technology is what can be considered a value stock (P/E under 7 with large positive cashflow), even though skeptics stay away from the stock due to the cyclical nature of semiconductors (debatable in today's market situation due to high demand and industry consolidation). At the same time, the stock is in a strong upward trend on the higher timeframes,...
MU took a 5% hit today with AAPL as it is a big Apple supplier. Apple has had some issues recently about iPhones slowing. Anyway, Micron recently had solid earning reports. Seeking Alpha considers $48.2 a fair market price. Most analysts have put a target of $60+ on Micron. The stock had a 101% growth in 2017. The semiconductors market is going to be a lot more...
Nice Bullish Kicker. Micron just beat Wall Street's expectations after it announced higher than expected earnings. The stock was up 6% when the market opened. There was some extensive profit taking which was expected before Christmas. The price is starting to recover to the daily high. Today is the best time to get in. Stop loss at 39. Take profit at 58.
TECHNICAL SETUP FOR OVER 40 BY 09.20.2017 NASDAQ:MU HUGE OPTIONS POSITION BEING BOUGHT FOR VARIOUS STRIKES POSITIVE EARNINGS WITH POSITIVE FUTURE OUTLOOK ROTATION IN SEMIS MIGHT TAKING PLACE NASDAQ:AVGO IS ANOTHER PLAY ON THIS SO IS NASDAQ:INTC preview.ibb.co thumb.ibb.co