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Micron Technology

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MU trade ideas

Buy targets on MUUpon dropping to 42 and approaching oversold territory, Micron has gotten some positive catalysts. A couple analyst agencies have upgraded Micron, bringing its Equity StarMine Summary Score to a surprising 8.9/10. Also, yesterday Micron filed a Form 4 indicating that one of the directors had purchased some shares. Unlikely though it seems to me given Micron's poor earnings right now, the stock may get a short-term bounce from 40 or so. I suspect, though, that there will be opportunities to buy at a cheaper price later in October. I'd like to see 32.50 or even 28 before I'd buy. Just as a side note, I was shocked by the name on that Form 4. Patrick Byrne is a director of Micron?? This is the guy who recently got forced out as CEO of Overstock.com after his girlfriend got convicted as a Russian spy. Dude's a total loon, and I find this a little worrying for Micron.
NASDAQ:MU
by ChristopherCarrollSmith
$MU Is A Buy On Dips To $40$MU selloff looks to be overdone in our opinion. Other analysts agree with this assessment. Needham raised its Micron (NASDAQ:MU) target from $50 to $60 after Micron's earnings report. Taking note of Micron's downside gross margin guidance - attributable to the excess NAND inventory and related pricing - Needham nevertheless sees several upcoming catalysts for the memory cycle, including 5G and a normalized supply/demand. More action: Piper Jaffray raised its MU target from $36 to $46, but notes concerns over NAND supplies and ASP pressure. More action: Rosenblatt jacked its price target to $80 from $60. Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer SSD markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. The company has strategic collaboration with BMW Group. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho. As always, trade with caution and use protective stops. Good luck to all!
NASDAQ:MULong
by OptionsGains
Micron could tumble after earnings on downgraded FY guidanceMU has a "buy" rating and a positive earnings surprise prediction from Zack's, and buying any semiconductor stock at such an attractive P/E is never a bad bet. (MU's P/E is about 6, vs. the average of about 15.) However, MU is also getting some massive bearish options activity, and in my experience these big options traders usually know what they're doing. Options traders may be betting that even if MU earnings beat analysts' lowered expectations, the headlines will focus on the year-over-year and quarter-over-quarter declines. More importantly, these options traders may be betting that Micron will make a statement revising downward its full-year earnings guidance. Guidance almost always matters more than earnings surprises.
NASDAQ:MUShort
by ChristopherCarrollSmith
2
MU through resistance - long target 62 - caution divergence!Micron Tech MU ahs moved up through resistance at 48 and to the fib. retrace point at 51-51.75 It maybe going through this level and then upwards towards 62 IF it retracts now, a 1. divergence will have been formed and next bottom will be crucial. If it falls below RSI 40 I am out again If it fails to push through the fib. retrace point, I am out - and will only go back in after the next bottom has developed (and depending on the level and the RSI of that bottom)
NASDAQ:MU
by ClearSkies
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