Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and solid-state drives. It is headquartered in Boise, Idaho.
Based on latest metrics, MU is now at basing zone finally after experiencing heavy downtrend since last years peak at 153 on June 2024.
The stock is currently on a massive SHIFT in trend hinting of a weighty reversal to the upside. It already bounced more than 20% from its lows at 80 levels since late last year.
Fridays' closing price of +6% is already conveying its directional context for the rest of the year -- more RISE ahead.
Also factoring its last QTR Results which are all in greens.
(USD) Nov 2024 Y/Y
Revenue 8.71B 84.28%
Net income 1.87B 251.54%
Diluted EPS 1.67 249.11%
Net profit margin 21.47% 182.23%
Operating income 2.17B 292.73%
Net change in cash -355M 30.39%
Cash on hand - -
Cost of revenue 5.36B 12.6%
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Spotted price at 100.
Interim target at 150
Mid at 200.
TAYOR. Trade safely.
Based on latest metrics, MU is now at basing zone finally after experiencing heavy downtrend since last years peak at 153 on June 2024.
The stock is currently on a massive SHIFT in trend hinting of a weighty reversal to the upside. It already bounced more than 20% from its lows at 80 levels since late last year.
Fridays' closing price of +6% is already conveying its directional context for the rest of the year -- more RISE ahead.
Also factoring its last QTR Results which are all in greens.
(USD) Nov 2024 Y/Y
Revenue 8.71B 84.28%
Net income 1.87B 251.54%
Diluted EPS 1.67 249.11%
Net profit margin 21.47% 182.23%
Operating income 2.17B 292.73%
Net change in cash -355M 30.39%
Cash on hand - -
Cost of revenue 5.36B 12.6%
----------------------------------
Spotted price at 100.
Interim target at 150
Mid at 200.
TAYOR. Trade safely.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.