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Semiconductors

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
MU No Longer In An Uptrend - Indicates Bearish Market Sentiment!The fundamentals look great but the market disagrees... I've been bullish on this stock for a while but all good things must come to an end. You know a stock is going up when it makes higher highs and higher lows (green circles). That means it's going up. It made a lower low (red circle). That means it's not in an uptrend anymore; another way of saying it's not going up. I drew in the most basic trendline, connecting the lows. It broke that trendline down. That means the market sentiment has changed. It crossed below the 200 day moving average. That means that over the last 200 days, on average, it's gone down. That's another way of saying 'it isn't going up', or 'its not in an uptrend' Or more accurately, 'its going down'. It means the current sentiment is not bullish. It's bearish. Only a CHANGE in sentiment would make it go up. You should only buy if you can see something that would make everyone change their sentiment. Something that no-one else knows! Without that change, it will KEEP GOING DOWN! Otherwise, it's a great time to short it. It's likely to pull back a bit because it's oversold right now, perhaps towards the 200-day moving average, and that's the perfect short opportunity (with a stop loss above the 200 day moving average). Micron is a cyclical stock, meaning it's prone to these wild swings. Everyone who knows about that area of the semiconductor market knows that microns earnings will decrease DRAMATICALLY at some point when the cycle ends - we just don't know when that is. It's 100% definitely not a good time to buy, because if it doesn't go down in the next few months, it will go down the few months after that. It seems that the overall market has started to decide to sell this. So make sure you're ahead of the others here, and sell before the herd! Like if this helps you, and follow me for stock analysis (and bitcoin!)
NASDAQ:MUShort
by milobowman
2
AMBA - High Def SCAMBA: The simple answer...Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. Love this long run on sentence and now you know why the dip. Await smart driving cars for growth as likely booster. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable cameras, automotive cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market. Small cap 1.4B Mkt Value Ambarella is beaten up currently with negative ROI, lower revenue growth and earnings. It is below it's normal resistance line, but ROI not ready to put in quarters. Still looking at Jukebox for play options. If you like smart car tech semiconductor, this will drive it's growth. Its system-on-a-chip design offers acquisition mindset for GOOG, APPL, etc. as other play. $38 bargain risky. For own use. Viewers come to own investment opines/sententia.
NASDAQ:AMBA
by Pokethebear
Micron (MU) - BUY BUY BUYOkay, so I must say that I'd started a post and it got lost, so I'm going to condense this one out of frustration and for the sake of brevity. Technicals - This weekly chart shows that shares broke their upward sloping trend line (white line), and it also experienced a bearish breakdown of the R.S.I. (yellow circle). The MACD also confirms this bearish trend. Although not depicted on this chart, shares fell below their 200-day moving average today, which was at $49.97. Back to the weekly... there are two swings, a major (tan lines) and a minor (blue lines). As such, I'll present the supports as zones rather than absolute levels. The first zone of support comes in at $43.53-45.76. The next zone is at $37.00-41.29. The last zone is around $26.85-30.48. The support at $26.85 is the low from Aug. 2017. Underneath that, there's one more support level at $21.19. Let me be clear in saying that I don't think we break down beyond the $41 area, as its major support. In fact, I doubt we go too much further from here, so I'm targeting the first zone at, say, call it $43-46. I added to my long-term position today and will be looking to add more on additional weakness. I also bought some September calls in my shorter-term trading account. Fundamentals - Shares are dirt cheap. At current prices, it's trading at 4x 2018's estimated earnings ($11.77), and at 4.1x 2019's estimated earnings ($11.60). The PEG ratio is 0.14, price/sales is 1.9x, and price/cash flow is at 2.9x. All metrics suggest a great value. Finally, while MU doesn't pay a dividend (which I believe will soon change), it's worth noting that the company recently authorized a $10 billion buyback program, which given its $55 billion market cap, equates to over 18% of the float being bought back, and obviously that should bolster E.P.S. figures significantly. Given the volatile nature of this name, I suggest scaling in and using this weakness as an "accumulate" setup. Sure, memory pricing will go up and down, but let's be real... the need for data storage/memory is not going away anytime soon. There's also the "crypto effect" at play, as Micron is in that industry as well, so if any recovery in BTCUSD, LTCUSD, ETHUSD, XRPUSD, etc occurs, Micron should benefit (along with NVDA). Bottom line - BUY BUY BUY. This thing is too cheap to pass up, and the current risk/reward is growing more and more compelling as share prices decline.
NASDAQ:MULong
by EchoAlphaBravo
11
$MOSY MoSys Inc; Homerun Potential We won't know for sure where this is headed until after hours when earnings are released, but the chart still offers a lot to get excited about on its own. As you can see we've got an extremely awkward cup, but it's only because MOSY seems to have bounced off the same resistance so many times and could really be applied to any of the spikes. If we see a definitive break from the handle to challenge that resistance, there isn't much stopping this from reaching 3,4, and even $5 + in the near term. I'll gamble.
MLong
by Occamstock
Micron Tech (MU) – Bearish Options Action Earnings TradeOn Friday's Options Action, the crew analyzed the performance of the semiconductor sector. Semis have reached it's dot-com peak while underperforming the technology sector over the past few months. Micron reports earnings next week and recently failed to make a new high while underperforming the tech sector. Coupled with Micron's sell-off after last quarter's earnings beat suggests another move lower on earnings. Expecting MU to trade lower, Michael Khouw suggests buying a July 57.5/50 Put Vertical for a $2.70 Debit. As of Friday's close, this option is trading at $2.42. We've structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action's video by clicking on the following link: MU Options Action View this OptionsPlay on MU - app.optionsplay.com Cost: $242 Max Reward: $508 Max Risk: $242 POP: 39.75% Breakeven: $55.08 Days to Expiry: 32
NASDAQ:MUShort
by OptionsPlay
AMAT - Buy the post-earnings dipThe fundamentals: Another quarter of solid growth for Applied Materials, who provide equipment used in semiconductor fabrication. While investors cheer on (the now overbought) MU, AMAT also has room to grow. Even if growth appears to be slowing, this dip puts it at a good price. The technicals: RSI(15) is just under 50, meaning it is neither overbought nor oversold. The current price is also in the bottom half of the Bollinger Bands. EMA50 has been decreasing for the past 2 months, but remains above EMA200. Implied volatility (IV30) is around 30% for options. The play: Long under $52, targetting $58. Buying calls can be a good play while volatility is relatively low. You can also sell covered calls
NASDAQ:AMAT
by dvdgege5
1
[SOX] Bull Flag Breakout! Upside Targets and the Risks for ChipsSemiconductor chips has broken above the horizontal flag it's been in since the strong rally off recent lows. The index ETF charted here, SOXX, was up over 13% from the 4/25 to 5/14! Today breaking out above resistance around $188, SOXX is up nearly 1% and with steadily increasing bull volume last few days. Roughly speaking, looks like the SOX is in an ascending broadening formation. It's hard pin down this pattern because of a lot uncertainty intra-formation. From here, IF this breakout follows through, I'm looking at the $195-$200 area as upside targets for a couple reasons: 1) Ideal Fibonacci extension of 61.8% puts price at $201 and the 41.4% extension level is at the $196 area. The 161.8% looks to be more likely as a top than the 141.4% area, at this point in time, due to the reason #2. 2) Upper trendline here is rising and I've taken the risk of cutting through a few candles at the peaks and using the gaps and gap fills as an alternative guide. This upper resistance aligns almost perfectly, not only with the 161.8% level of $200, but also with a rough estimate of the timing. By literally copy and pasting the solid green arrow (take with a grain of salt), using the same angle of ascent all the way to my upper trendline in purple would indicate a convergence of 3 different indicators around the same point in time and space. Assuming this continuation breakout follows through of course. Fundamental uncertainty is high and unsurprisingly so is volatility, hence the wild broadening formation. The last week or so was the bears' chance to force a head&shoulders pattern, which would have been really bad news for SOX and the entire market. It still can be possible, without a doubt. However, it seems that we have just completed a triangle/bull flag indicating continuation. We got continuation and breakout today to end the week on a positive note for the long weekend, a psychological benefit imo. The Bearish Argument: Volatility is unpredictable, many tweets could be made over memorial day weekend. Volume isn't that high, but very slowly rising. Here's a few things to watch carefully in case of a fake breakout: A) The breakout resistance around $186.50 needs to turn support (dashed red line) in the event that we see a retest. Dropping and holding below that could lead to an acceleration to the downside with or without a pause at the last resort support just below the $182 area (solid red line). This puts longer term downside potential in play if bears follow through. B) Could be nice to take a large portion of profits at target 1 given uncertainty. Perhaps this would be a spot to consolidate or slow down before potentially seeing an exhaustion gap up to the peak of target 2. Ideal scenario though, watch any consolidations or resistances carefully and assess volume intraday. Pull profits periodically on huge surges up. Being inside this large broadening formation means that clear volume spike in either direction isn't gonna be likely on this trade. Large moves can happen on low volume and be easily reversed. Before reaching either target. C) Fundamentally, watch QQQ and XLF related news. Both are looking to breakout of respective patterns but haven't yet. The markets as a whole tend to rally when both these tech and financial sectors are trending up at the same time. And also given geopolitics, I'm watching USOIL and XOP for big changes. Oil is coming off recent highs giving relief to the non-energy production sectors. Sudden moves could throw off any balance between sectors. And obviously, look at Chinese trade negotiations. It's so back and forth, on and off lately that it appears the market is giving up on listening to the developments unless some tangible and measurable actions take place. Which is exactly how the market gets blindsided when something does actually happen. I'm going to try to stay up to date with the news on trade closely even though it seems meaningless to do so.
NASDAQ:SOXXLong
by NYFinancials