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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

$MU Betting on a beat for MicronTarget price at Fibonacci .786 @ $56.86 Entry level to be determined by market activity tomorrow. P/E ratio 9.8. 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.
NASDAQ:MULong
by RedHotStocks
MU to make a big move up in the coming weeks (60%+)MU has hit some sort of brick wall. The most probable path appears to be a climb up the new found support line (orange). Multiple confirmations of this path, rather than say a big drop, the most significant of which is the divergent volume. You can see the areas of the chart which may be fractaled from pattern matching the RSI and MACD movements. I expect the initial jump to be fast and furious, followed by a more reasonable climb, until it falls outside of the ascending trendline (at around the 2nd target line). The TA generated targets shown seem reasonable from a fundamental standpoint, with a number of different analysts upgrading their assessment recently. 2020 Q1 Earnings on Dec 12, to give you a sense of relative timing here. I think the initial jump might happen prior to the earnings call, with whatever good news that's released already having been priced in, but that's a matter of conjecture - and really dependent on how the broader market moves between now and then. There's enough runway here for the initial big jump to happen after the 12th, and the price may be relatively flat prior to that, so I'd take a conservative approach with timing if you're taking the options route.
NASDAQ:MULong
by UnknownUnicorn5518191