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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

MU share prices secured 10% within five consecutive sessionMU - Micron Technology share prices have gained 10% since my callout five trading sessions ago. Share prices have increased significantly in the past three trading sessions on hopes of a resolution to the U.S.-China trade dispute. Shares prices have gapped to the upside in four consecutive trading session. This is a strong sign of leader in the computer chip sector. We might see more run to the upside soon if the trade dispute is settled within the scheduled time frame. Share prices closed Thursday session at 49.03 up 4.74%. The next challenge is to remain above 47.65 and try and breakthrough it's next resistance price level at around 49.75. A breakthrough 49.75 could see share prices progress to approximately 52.25 and 53.90. The current support price level remains at 49.65, 46.40, and 44.20
NASDAQ:MU
by Rotuma
Micron ready to rip higher. Quite simply it is to cheap, it has a 5.4 P/E ratio and judging by analysts commentary the market has bottomed and growth projected in 2020, although this depends greatly on China we think that it is a easy long call in the short term at least. AVERAGE ANALYSTS PRICE TARGET $47.65 AVERAGE ANALYSTS RECOMMENDATION Overweight P/E RATIO 5.4 SHORT INTEREST 3.13% COMPANY PROFILE 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
1
Micron shares trade higher currently up by 3.3%NASDAQ Led semiconductor - Micron shares trade higher on Monday session currently up by 3.35% after the restriction of US semi suppliers were lifted allowing the company to continue its trades with Chinese telecom Huawei. Micron share prices gapped up during Monday opening trades and broke through a long term resistance trend line which is highlighted on the price chart above. Micron share prices could continue its uptrend if it remains within the price channel with an estimated price range from 46.42 to 49.75
NASDAQ:MULong
by Rotuma
Micron bouncing back into an uptrendI made a sizeable amount from MU last month, but it was pretty clear at the beginning of August that we were going to have a choppy first week so I liquidated all unprofitable and took profit on volatile equity positions and held on to bonds. I'm slowly starting to buy back into stocks and equity ETFs again, and MU is definitely pulling back into their great uptrend again. If you look at the moving averages, the price over the prior weeks has bounced off the 200 day moving average after barely breaking down below the 50 day. It's now sky rocketing through the 10 day average and flashing that it will go over the 20 day and pull the 10 day up with it. RSI, MACD, and ADX are all indicating the the price trends are reversing back to bullish. Rate of change is flashing bullish again and showing that the macro-reaction to the trade war drama is a temporary setback for this promising firm.
NASDAQ:MULong
by chuckination
1