Relatively oversold, Beta is 1.48 so as the S&P goes so should MU. Earnings at the close should beat. Recent price target increases. Becoming huge in DDRM
Can this be fixed. noticed this on several stocks
The last several days has created a short term over sold condition. If opens lower monday morning going long to test 105 area. If opens higher ? Wayt
Can still grind higher over bought condition resolved. In the short term.
LUV consoladiting as oil looks for a bottom. Two classic indicators have been diverging for a while. As oil goes LUV will trade the opposite direction. Major trend for luv is still strongly positive. And USO strongly negative,
Oil is deeply oversold . However any correction or relief rally will probably very short lived. As this chart shows the rally back gave back most of its gains.
Can't quite get to comfortable over bought levels just yet. Head and shoulders pattern is rounding out. Still neutral to bearish!
Head and shoulders formation with RSI approaching Overbought territory may be signaling a beginning to an end to this rally. But not yet. Waiting on the sidelines for now.
EBOLI has this industry spooked. Look for clarity going into the next earnings 10/23.
QQQ is trading near its 50 day moving average. Bottom formation possible. I'm looking for a run to 200 ma. Around 92. Will go long at that level for a move toward 98.
Need more sell of. before going long. Next couple of days should tell the tale.