MICRON TECH ORD (MU.O) for 1/14/2016

MU 20160113
MICRON TECH ORD   (MU.O) 
For 1/13/2016 the closing price was 12.06.
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
Indicators offering up Contrarian signals … 
By the way, Micron’s prices are vulnerable to a correction rally towards 15.42.

Projections for Micron 

  • The upper projected  target is: 13.17.
  • The lower projected  target is: 10.77.
  • The projected closing price is: 11.97.
Please Note: these price projections are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.
Note  6/26/2015 … unfilled gapdown (buyout offer rejected)
  MU 20160113 gapdwn
Micron Support and Resistance  in the New Year 2016

  Below you will find the 52 week performance, and the Year-to-Date (YTD) performance.  For tracking the day’s action, here are the Pivot Points, Support points, Resistance points,  and the 50 day simple moving averages (sma),  for MICRON TECHNOLOGY INC  (MU)  CUSIP   595112103.
  •  If the related index, or stock, is above the pivot point, the pivot point is both support, and an indication that Mr. & Ms. Fickle Markets are Bullish.
  •  If the related Index, or stock, is below the pivot point, then the pivot point represents resistance, as well as an indication that Mr. & Ms. Fickle Markets are Bearish.
  •   Please Note: ALL projections are for reference only.
MICRON TECHNOLOGY INC (MU) for Thursday, 1/14/2015
  Closed 1/13 down @ 12.06
  •   :: Pivot point    12.31
  •   Support (s1)   11.66      Support (s2)  11.25
  •   Resistance (r1)  12.72    Resistance (r2)  13.37
  •   Simple Moving Average (Close 50):  14.89
  •   :: 52 week performance   -61.91%  YTD performance  -65.55%
  •   :: Projected High:    ,   Projected Low:

 

See related Micron blogs, comments, replies & other info:

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 Please read:
                                 [ Blogs ]
  Return here throughout January for updated end of day calculations ….   Hope the above Micron Technology Inc. (MU) Charts, Support and Resistance calculations help your investing and trading today …   
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13 thoughts on “MICRON TECH ORD (MU.O) for 1/14/2016

  1. Scenario Analysis suggests the possibility that China has given up on its own DRAM production is ZERO .. and also suggests that China and Tsinghua Unigroup’s interest in acquiring Micron’s cutting edge Intellectual Properties, including Automata, the Hybrid Memory Cube, 3D Xpoint, 3D “floating gate” NAND, and more … is also not ZERO.

    This begs the question as to whether Tsinghua Unigroup, (China ?!) having offered $23 per share, might take advantage of Mr. & Ms. Fickle Market’s “What are you doing for me in the next two SECONDS?” shortsighted valuations to buy Micron shares at 50% off and then initiate a hostile takeover attempt … FORCING the US government to say NO! The problem for the US government, will be potential lawsuits, even with “National Security” arguments, if China and Tsinghua Unigroup bump their offer to $40 … or even $50 per share.

    Now buying a stock, even Micron, solely on takeover speculation, is not a prudent investment strategy, … but, In the meantime I will be watching the ON Balance Volume and other Cash Flow metrics to see if something is up.

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  2. Mr. & Ms. Fickle Markets, aren’t considering that Intel (INTC) and Micron’s 3D Xpoint may have made 3D NAND already O-B-S-O-L-E-T-E !!

    Micron R&D has resulted in multiple unique Micron products with NO COMPETITION … which also means NO “commodity” labeling and no commodity price pressure. In addition, as I have previously pointed out, everything Micron has learned by solving the R&D problems may be applicable to improving existing Micron DRAM, NAND, and NOR … and has no doubt led to NEW ideas on potential new products we just haven’t heard about yet! ….

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