MU - Micron Technology, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Stockaholic, Apr 4, 2016.

  1. BermudianOption

    BermudianOption Well-Known Member

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    Stalking this one myself. $47 at the least but ideally the $50 price point as well:
    [​IMG]
     
  2. StockJock-e

    StockJock-e Brew Master
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    New 52wk highs!
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Earnings appeared positive but still down 1.71% pre-market after yesterday's after-hours report

    upload_2018-3-23_7-25-34.png
     
  4. KyleLennon

    KyleLennon Member

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    Through the partnership with Intel, Micron has developed next-generation 3D NAND as well as the upcoming 3D XPoint technology, which will allow the company to weather economic and cyclical downturns.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Not my ideal setup here, but wouldn't blame anyone for taking a shot right here. Previous gap-up level could be support, with more support at the 50MA just below. Tight stop around $52 maybe. Might pull the trigger on this Monday morning.

    upload_2018-5-19_14-38-48.png
     
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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I started shorting this late Thursday, heh. Like how it's continuing to fall off the upper Bollinger band on Friday. If indeed a cylical business, look at where it is in MU/QQQ
    [​IMG]
    It won't break me if I'm wrong.
     
  7. T0rm3nted

    T0rm3nted Moderator
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    You could be right, I just tend to have a trading style that revolves around playing bounces off support. If I take your chart above though, I do definitely see some resistance

    upload_2018-5-19_15-50-4.png
     
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  8. StockJock-e

    StockJock-e Brew Master
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    Micron to $60 soon
     
  9. rg7803

    rg7803 Well-Known Member

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    I agree. What a rocket. Regret I bailed out on latest big pullback.
     
  10. T0rm3nted

    T0rm3nted Moderator
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    Gapped up today and missed my limit buy order at $53.70. I'll let it ride again tomorrow and see if it gets down there.
     
  11. T0rm3nted

    T0rm3nted Moderator
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    Literally a day late and a dollar short, as the saying goes. If I would have bought the day before, or the price had been $1 cheaper the day I placed my limit buy order, I'd have been in. Up over 6% today.
     
  12. KyleLennon

    KyleLennon Member

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    A major risk is the strong competition from the likes of Samsung, Hynix, and Toshiba, which may be able to develop technologically superior memory solutions than those of Micron, leading to stretches of underperformance where the latter is unable to adequately invest to bridge product portfolio gaps.
     
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Resistance is at $62. Look if it takes that out
    [​IMG]

    I got out of my short quickly, Monday after-hours it started gapping up.
     
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  14. Stoxline

    Stoxline New Member

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    Agreed about resistance at 62. MAs go green. Bullish crossover in MACD and Stochastics , but RSI is in the red. If it could break 62.10, it could move up to 72.53.
     
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Still holding this uptrend line, weekly chart
    [​IMG]

    Keep an eye on the semiconductor sector to get this market to ATH.
     
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  16. StockJock-e

    StockJock-e Brew Master
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    Hmm, Semis pushing this market towards the next highs?
     
  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    You can almost see where these guys were getting out in a chart
    https://www.smarteranalyst.com/hedg...ck-boosts-advanced-micro-devices-amd-instead/
    "Soros revealed a very bearish take on Micron- exiting the stock completely in the quarter. This boils down into the sale of 395,912 shares, worth $20,761,625."

    In the weekly chart can see that the volume peaks occurred right at the price peaks. Good job Soros et al.
    [​IMG]

    Relatively, MU/QQQ did peak at the same high as 4 years ago
    [​IMG]
    Right now can't imagine MU going back to that same relative bottom again. Around $43 is a nice level to look for buyers, and also watching semi-related WDC to finally bottom.
     
  18. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    MU is probably due for a bounce here, at least a little one. Let's see what happens.
    [​IMG]
     
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  19. imirza

    imirza New Member

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    What is the General consensus regarding MU? Are we expecting a rebound? 1-yr Targest Est is still at $83
     
  20. StockJock-e

    StockJock-e Brew Master
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    This -6% sell off here might be attracting the dip buyers. It bust through the support levels, running the stops most likely.
     

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