Micron Technology Inc

Micron Technology - ticker MU

 

6/1/2018

The bears are after this one!  Hedge fund manager pours money into Micron.  Micron is very positive on themselves.  Analysts positive, but wait Stanley Morgan downgrades!  All you need to know...if you like MU and can stand the pain of the up and down, the good news, bad news bears, then this stock is for you.

 

 Everything cloud, everything computing, IoT, etc. uses memory.  The key point to watch .... is breakout above 66!  Analysts are saying this stock is valued at $60, while others are saying 90 is the target.

 

  Me, I'm not big on holding this one with the ups and downs.  With that said, I'm buying on the 10% pull backs!  Lets just say FANG drives PURE MU. Think storage, high end storage..you know the kind that fast calculating / reporting databases use.  The kind that Virtual Server environments use.   To the cloud!  The cloud is not cheap!  Go big or go home.

 

3/14/2018

Micron finally shows it's hand.  Remember last December, earnings were very strong, and the stock went south.  Here we are again, earnings coming out soon and the stock jumps. I see a short term no action, or market sorting out the politics.  After earnings I expect a strong and steady growth on this one.  I'm cautious, we will have to see.

 

3/2/2018

I see this one as a laggard. Not in a bad way.  Just have to understand it.  It's an over reactionary stock, like SLB.  It takes time to get where it should be.  Still I wouldn't buy here. Moving average says $44.00

 

12/28/18 - No love for this one.  MACD just went south, RSI falling, and volume showing more sellers than buyers.  Only thing going for this stock is it's fantastic beat on revenue and expectations!  Tech may be truly in a rotation.  (see AAPL and ADBE above)

 

 

Last quarter earnings put this one on my strong buy list.  This one is all about supply and demand and the last quarter earnings showed us all that demand is high!  I bought this one before earnings, took a profit on the way down after the pop.  12 month price target by 31 analysts put this at 58.78

 

Lower end is at $40.00 due to shorts all over it, this last quarter.

 

12.28.17 - blew right past $43.00  - amazing.

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