MU trade ideas
MU Under Dark Pool Quiet Rotation™MU is in a Trading Range pattern at this time. The compression of that candlestick pattern in August is showing signs of heavier Dark Pool Quiet Rotation. The large lot long-term investors are slowly lowering inventories on MU over many weeks, and this increases downside pressure.
$MU LONG TARGETING 53.75 Then will have nice correctionBullish Pattern Targeting 53.75 but facing very strong resistance which is raising channel upper side and bottom of last year drop which is around 50.2 ... if close above it for 3 days then will be perfect confirmation to target 53.75 then we can see correction to close some of recent gaps ...
MU share prices secured 10% within five consecutive sessionMU - Micron Technology share prices have gained 10% since my callout five trading sessions ago. Share prices have increased significantly in the past three trading sessions on hopes of a resolution to the U.S.-China trade dispute. Shares prices have gapped to the upside in four consecutive trading session. This is a strong sign of leader in the computer chip sector. We might see more run to the upside soon if the trade dispute is settled within the scheduled time frame. Share prices closed Thursday session at 49.03 up 4.74%.
The next challenge is to remain above 47.65 and try and breakthrough it's next resistance price level at around 49.75. A breakthrough 49.75 could see share prices progress to approximately 52.25 and 53.90. The current support price level remains at 49.65, 46.40, and 44.20
Micron ready to rip higher. 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 INTEREST 3.13%
COMPANY PROFILE
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
MICRON PRICE TARGET $50DESPITE 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 up 3.52%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 channel indicated on the chart.
i see a similar pattern in all semiconductors - MICRON Ucheck it out for yourself
be patient, enter at the right spot with lots of ammo
MU Professional Trader ActivityMU 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.
Micron shares trade higher currently up by 3.3%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 price chart above.
Micron share prices could continue its uptrend if it remains within the price channel with an estimated price range from 46.42 to 49.75
Is Micron a long-term value option?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!
Micron bouncing back into an uptrendI 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 uptrend again.
If you look at the moving averages, the price over the prior weeks has bounced off the 200 day moving average after barely breaking down below the 50 day. It's now sky rocketing through the 10 day average and flashing that it will go over the 20 day and pull the 10 day up with it. RSI, MACD, and ADX are all indicating the the price trends are reversing back to bullish. Rate of change is flashing bullish again and showing that the macro-reaction to the trade war drama is a temporary setback for this promising firm.
MU H&S for SummerMU 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, so we may get out before then.
SHOT $MU IF BREAK 40.7 TARGET WILL BE 36 BEARISH SIGNALS 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
