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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

Set To Get DestroyedEarnings tonight for MU. $33 has been a huge support/resistance line for Micron over the years. With it failing to bounce on its last few tries since fading back down to $33, seeing lower highs on the most recent pop, and with an expected 76% decline in earnings this quarter...I'd be shocked if this thing popped after earnings. Best case scenario is gonna be, "earning were not as BAD as expected", but even then for them to somehow not mention something about DRAM demand being down or China affecting the outlook for the coming quarters, would be a surprise. Looking at the December lows as the first support. Further weakness in the market, and we could easily see 26.50 in the coming days. 37.45 is the first resistance if this thing does manage a bullish move.
NASDAQ:MUShort
by JTI96
Micron pops on non-GAAP earnings report gimmickMicron has been looking bearish in what appeared to be an emerging downward channel. However, after hours today it popped two and a half dollars per share on the basis of a supposed earnings beat. News outlets are reporting that earnings "crushed" estimates. The problem is that the analyst estimates are for GAAP earnings, and Micron's GAAP earnings missed by several cents per share. By disclosing non-GAAP earnings, Micron used a common gimmick to appear to have beaten estimates that doesn't reflect actual strength in the company's fundamentals. Whether investors will notice this is another matter, however. The stock may stay up tomorrow regardless. But I personally wouldn't invest in it. To Micron's credit, it did slightly beat estimates of GAAP revenue even though it missed on earnings.
NASDAQ:MU
by ChristopherCarrollSmith
MU watching Semi's this week with G20 newsMU has been beaten down for far too long - considering the amount of cash they make. RSI coming up nicely but hoping to move to the top of that new found range it's been trading in, then the real test of R1 & R2. Watching from the sidelines till something convincing takes place but if MU moves lower, I'm willing to enter at high $20's. Patience with MU from my experience - So volatile with memory news with every little concern feeling like blows to the gut - most of which is overplayed IMO - as is a lot of things with the market I guess! GLTA
NASDAQ:MU
by Slothcharts14
There can't be much more bad news to come, Risking a long.Seems like Analysts have been tripping over one another to downgrade Micron for the past year, at this stage we don't take notice as these are they same analyst who had $80 targets when the trade war had already started. The world of trade has changed greatly but to be selling at such a p/e ratio is ridiculous, the need for their product is not going to disappear, so we think this is a great long term investment at the current level. As earnings approach next week, option traders are split and implied volatility is at 12% which is quite normal for MU. We will be taking a long into earnings.
NASDAQ:MULong
by RedHotStocks
$MU Micron Short from 41.5 . Now 39.75 . Clear Bearish Pattern As it shows head and shoulders pattern to be confirmed after closing below 37.9 with target area of support between 34-32.5 RSI broken Dec-Uptrend Also MFI index showing some investors sold some quantity and broke down the trend . stochastic with sharp down trend which means more volatility . MU shares will be highly affected by US-China news which impact its revenue directly-indirectly . if markets bounce the target will be broken uptrend (purple) then drop again . if market fall then expected too see the level at 34.5 quickly...
NASDAQ:MUShort
by WinnerTrader99
1
$MU stalemateMU can convince me to go long with a weekly close above $45, somewhere above the 50MA. For now that area is acting as resistance and we're right there. No point in going long with your fingers crossed. I'm the kind of player who sits on the sidelines until a decision is made one way or another. Weekly close above the 50 = long. Current price - neutral. Any price action below last weeks low = bearish. Any price action below ascending triangle = bearish. easy
NASDAQ:MU
by gingerheadtrader