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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

$MU Micron Upside Targets if market remains GreenMicron (NASDAQ:MU) +5.3% reports Q2 beats with revenue down 18% Y/Y. For Q3, the company sees $4.6-5.2B in revenue (consensus: $4.88B), EPS of $0.40-0.70 (consensus: $0.52), and gross margin of 29.5-32.5%. Q2 Operating cash flow totaled $2B, down from the $3.4B in last year's quarter. DRAM revenue was down 26% Y/Y, while bit shipments grew 20% in the period. For NAND, revenue was up 9% Y/Y, bit shipments grew 20%, and ASPs were up on the quarter in the upper-single-digit percent range. Adjusted gross margin was 29.1%, above the 27.2% estimate. Micron ended the quarter with a net cash position of $2.7B. Source Seeking alpha
NASDAQ:MULong
by Bullishcharts
MU -- coming along nicely ---- Resistance possible at $63 rangeMU -- coming along nicely ---- some resistance may be possible at $63 range --- from a previous high level from months past...(Summer of 2018 highs) . IMO... NEW BUY recommendations coming in today.(from Analysts) . IMO Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
NASDAQ:MULong
by eziolisi_Investments
MU (Micron) 06/02/20• Further upside. supported by 55 EMA. • Earning boosted. • Raymond James upgrades Micron (NASDAQ:MU) Market Perform to Strong Buy with a $70 price target. • Analyst Chris Caso thinks supply/demand conditions are "highly likely to improve further as the year progresses" and that inventory levels are "approaching normalized levels." • Caso sees a number of growth catalysts ahead that could drive "significantly improved demand" in H2. • Micron shares are up 2.4% pre-market to $58.13. The company has a Bullish average Sell Side rating.
NASDAQ:MULong
by GOLDFXCC
MU --- great movement as seen from Jan 31 BUY IN. point.MU --- great movement as seen from Jan 31 BUY IN. point....as it rides the channel. Always use stop losses and take some profits off the table at your own discretion. Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
NASDAQ:MULong
by eziolisi_Investments
4
Micron: First Healthy Pullback Since Breaking OutChip stocks have been the strongest corner of the market for the last year. Now one of the most actively traded names in that group has had its first healthy pullback since breaking out to new 52-week highs: Micron Technology . MU has been working its way through an 18-month consolidation pattern following a huge run between mid-2016 and mid-2018. It broke out to a new 52-week high in mid-December as the market flew into new territory but remained below the previous peaks from 2018. The risk/reward wasn't great, even as MU kept chopping higher, but now it's pulled back to some key levels and may offer a cleaner opportunity. Two important things stand out on MU's chart: The 50-day simple moving average (SMA) and the recent low around $52.50. Both provide a good risk-management zones for buyers seeking a move back toward $60. Fundamentally, most indications have remained positive for semiconductors . MU CEO Sanjay Mehrotra called a bottom for memory chips in December, and Intel's (INTC) surprisingly bullish report on January 23 showed orders are still strong. There's also the forward catalyst of 5G networking.
NASDAQ:MULong
by TradeStation
MU --- nice little pull upwards! -- this am.MU --- nice little pull upwards! Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
NASDAQ:MU
by eziolisi_Investments