MU trade ideas
$MU Buy Signal on Micron ChartHistory is a good indicator of the future, they current crossing in the MA's are bullish but possibly wait for a few sessions.
Average price target $55 | Overweight
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.
MU Gap FillMU has breach resistance of the prior gap range in chart. Looking for a quick 3.5-4% move which I believe could hit this week. Target is the $48 level, most likely will reverse anywhere between 48-49.5.
$MU Strong reversal Bullish for short-time targeting 46.46 up 5%Very nice bullish setup on daily candles confirmed by Fridays closing at 44.55 (special number) the suggestion is to fill up the previous gap on earning date and target 46.46 then 47.47 . What make this idea as short term is broken trend and broken RSI as you can see $MU did not cross it up .. if its go up for coming days it will touch broken RSI then we can update and confirm the next move which more properly as its bearish trend targeting far away below targets but early to discuss this now .. Also check MFI at its lowest level with regards to recent bounce , so we need good volume on Monday to reverse MFI and confirm up-move.. Expected to see quite day on Monday or small candle
Appaloosa LP MU Buying PatternBetween Q2 2018 and Q3 2018, they cut their top holdings by roughly 40%
Appaloosa LP MU Buying PatternBetween Q1 and Q2, they cut their top holdings by roughly 40%
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Already Short MU on 5th Wave BUT looking to add more!!SO we are already Short MU on the 60 minute timeframe on a 5th wave move with target of $41 using our Elliott Wave Indicator Suite for TradingView. Our original short entry was $43.66. I have placed a trailing stop just below the entry to now make this a "Risk Free Trade"
I am looking to add to this short position if MU breaks out of this short term range. So further a 2nd short entry position will be at $42.48.
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MU - DAY TRADEHi, today we are going to talk about MU and in a Day Trade opportunity.
We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
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MU ShortIf it was any other day, i would think of going a call - (MU is going to long run winner, but market is in sprint mode)
Memory market demand is relatively cheap and overcrowded
china trade deal is having huge impact
less and less demand and over supply will sure make this a short term short candidate.
I would hate to see it go to 37$ but if it does, that will be where i will reconsider based on economic factors, for now i believe it to be a short candidate.
MU Rubberband SnapbackMU has been oversold along with the rest of market. Overall market is now seeing a bounce in the SPY and QQQ indexes. MU saw significant remounting to the upside today with a bullish reversal in the inverted hammer candlestick pattern. Looking to run up 6% to $46 level.
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.
$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!
MU | 1D | Earnings PredictionPlease see all info on the charts.
I estimate earnings beat but TA wise, price will eventually need to correct
RSI: Oversold
MACD: Oversold
$MU Earning after close .. Options range between 54 to 45 . Most of signals are 50%-50%. Its earning play . so its better to trade after earning report if you are interested in long positions . Market is not helping too if bad result green cloud far away and you will have plenty of time to short it so i am more likely to stay hold with Micron for long term and expected to go up to 53.75 or 54 then correct from there to 44-46 on coming corrections market
Autonomous Trading Downgrades Micron $51 Ahead of EarningsWall Street was raising target price to $66 not good
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.
Long term correctionForming a flat. when it reaches ATH, look for top of broader market as well, which is also in a flat formation.
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)
