Get started

Microntechnology

Micron Short - Rising wedge pullbackMicron (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 broader market also looks set for a sell off (i talk about hedging SPY also) and given micron has quite a high relative beta, this should drag MU down also.
NASDAQ:MUShort
by Profit_Link
MU watching Semi's this week with G20 newsMU 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 my experience - So volatile with memory news with every little concern feeling like blows to the gut - most of which is overplayed IMO - as is a lot of things with the market I guess! GLTA
NASDAQ:MU
by Slothcharts14
$MU to the moon. The semi business has bottomed! 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 the 1 week time frame to show you the close up price action. If we look at the monthly time frame, we see the Ichimoku cloud showing we're still in a bullish trend (above green cloud). What to watch (1week time frame): -Watch for price to hold above 9 day avg line or 26 day avg line if falls below (shown above). -Micron will be reporting earnings on Wednesday after market close. I believe it will pop but staying cautious. This is an analysis, not an investment advice.
NASDAQ:MULong
by Litwolf
MU to drop to $30 before next supercycleAs the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock through bullish sentiment in the near term as they'd likely want to obtain the cheapest shares possible before the next super cycle. I suspect this super cycle to occur within the next year as the chart indicates and perhaps pump MU's share price to the $85 area.
NASDAQ:MU
by RyanDreBach
MU is going for the 50'sI believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or more to be exact. NASDAQ:MU recently broke this trend and got to a low of 41$ but, I am pretty sure it's back on track and we can reach 50$ within a couple of weeks. I bought 20 shares of MU at 41.4$ (#2poor) and I believe in the industry, my sell point is 50 or above (depends on the trend and news). Buy point - I bought at 41.4 but a 43-44 Buy point is good too. Sell point - 50$ or above (depends on the trend and news). Stop loss point - 38$.
NASDAQ:MULong
by Offeck
1