Quite simply it is to cheap, it has a 5.4 P/E ratio and judging by analysts commentary the market has bottomed and growth projected in 2020, although this depends greatly on China we think that it is a easy long call in the short term at least.
AVERAGE ANALYSTS PRICE TARGET $47.65
AVERAGE ANALYSTS RECOMMENDATION Overweight
P/E RATIO 5.4
SHORT...
DESPITE RECENT VOLATILITY, MICRON HAS HELD CHANNEL SUPPORT, THUS WE SEE $50 AS A GOOD PRICE TARGET TO AIM FOR AS LONG AS THE MARKET STABILITY CONTINUES.
MU- Micron Technology shares bounced back from the long term price channel around 42.00 and reentered the long term price channel in today's session. Share prices gapped up in today's trading session and held on to its gains above 44.20 from the time of reporting up 3.52%. Share prices have the potential to continue to the upside if it remains within the price...
MU frequently is on Retail Guru recommendation lists. This triggers Professional Trader activity. MU action is often led by Professional Traders’ setups, and at times these trigger High Frequency Trader action ahead of market open.
NASDAQ Led semiconductor - Micron shares trade higher on Monday session currently up by 3.35% after the restriction of US semi suppliers were lifted allowing the company to continue its trades with Chinese telecom Huawei.
Micron share prices gapped up during Monday opening trades and broke through a long term resistance trend line which is highlighted on the...
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!
I made a sizeable amount from MU last month, but it was pretty clear at the beginning of August that we were going to have a choppy first week so I liquidated all unprofitable and took profit on volatile equity positions and held on to bonds. I'm slowly starting to buy back into stocks and equity ETFs again, and MU is definitely pulling back into their great...
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,...
RSI is about to break down the support also candlesticks during latest bounce were more dojis without good bounce volume . we can see MFI is keep decline . Possibility to bounce again to 44 then drop to break 40.7 latest bottom and fill up the gap at 36
