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Micron

MU: Micron Keeps Moving Up - Possible TargetsMicron chart keeps rallying towards its earnings day on 09/29/2020 (confirmed). Trading at $47.80, the price is close to its second target of $48.13 (50% Fib level). Potential higher targets are at $51.46 (78.6%) and $54 (100%) levels. Scenario analysis: ADP employment numbers to be reported on Sept 3rd may help with further short-term price advancement, if positive. However, September has been a volatile month historically. A broader pull back in major indices is possible between next week and end of this month. If such correction occurs, MU chart may pull back as well, possibly down to $44 level, to resume its rally toward price levels above $50 with general market move higher in October - November time frame. If MU chart makes its way to $51 level before the earnings, that could be a good opportunity to book the profits and reassess possible price movements at that time.
NASDAQ:MU
by tradexchart
MU: SOXL: Micron is Moving HigherMU: Micron has started its rally toward Q3 - next earnings season. The chart has reached $45.06, its 23.6% Fib retracement level, which may serve as near-term resistance, or consolidation zone before its next leg up. Momentum has turned positive as MACD has crossed to the upside on all time frames. There are two unfilled gaps below, at $43.76 and $42.68 levels. Next possible targets for the move higher are $48.13 (50%), $51.46 (78.6%), and $54 (100%). Pull backs on the way up are possible and are likely to represent a buying opportunity.
NASDAQ:MU
by tradexchart
Bullish Charts - Golden Cross Soon, Possible BuyoutMicron 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. At current levels, I feel Micron is undervalued and unappreciated. There are not many devices in the technology industry that do not need memory and storage. Micron can supply the memory and storage from electric vehicles to computers and spaceships to airplanes. Almost everything today needs memory including appliances and smart homes. Micron just posted earnings and they blew past Wall Street estimates and then the company raised guidance and forecast higher earnings and revenue moving forward. Currently, on the Daily Chart, the following indicators are Bullish... Volume, Bullish MACD, Bullish RSI, Bullish Accumulation, Bullish Sector, Bullish PMO is turning up, Bullish On June 30, the 50-Day MA crossed up above the 100-Day MA, Bullish As of today, the 50-Day MA is less than a point away from crossing up above the 200-Day MA, Bullish Here are the indicators... 6-Jul-20 50.92 ▲ Mon MU New York 6-Jul-20 50.92 Bullish Kijun Sen Cross Strong 27-May-20 49.45 Bullish Kumo Breakout 26-May-20 45.80 Bullish Chikou Span Cross 4-May-20 44.46 Bullish Senkou Span Cross In my opinion, I think Micron is the best play in town and I also think it's a buyout target. If I were the CEO of Microsoft or another large tech giant like Apple, I wouldn't even think twice about trying to buyout Micron because down the road, everything will need memory and storage to operate. If Micron is bought, I think the buyout would be upwards of $120 per share. This was from 2016 and in my opinion, Micron looks better now than ever before... If it looked good in 2016, it looks amazing now! Chipmaker Micron Gains with Speculation It's a Takeover Target www.industryweek.com Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NASDAQ:MULong
by HotCharts
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