MICRON Technology Inc (MU.O) (d-w-m) (p2)

Friday, 3/18/2016 is third Friday of the month options expiration, ** and ** Quadruple witching Friday.   Thursday, 3/31/2016, is the last trading day of March 2016 as well as the last trading day of the first quarter of 2016.   With only 14 trading days left in Q1 2016, expect Funds to be “window dressing”, buying winners and selling losing shares, for their upcoming Q1 2016 investor reports.

I am strongly Bullish on Micron’s unique Intellectual Properties, Technologies, and products like:  Automata, the Hybrid Memory Cube, “Floating Gate” 3D NAND, 3D Xpoint, et cetera.  I am also Bullish on Micron’s partnerships  with Intel (INTC), and Seagate (STX), as well as Micron’s collaboration with IBM.   Unfortunately, Mr. & Ms. Fickle Markets can’t see past their noses stuck to “commodity pricing” on PC DRAM and PC NAND, mobile DRAM and mobile NAND, et cetera.  Some of that falls on Micron’s management the rest falls on the analysts, and investors.   During Micron’s Quarterly Financial Calls, Micron knows its competition is listening in … so, Micron gives out only enough information for self-motivated analysts to figure out what’s going on … unfortunately, that is a lot of WORK.    Result: analysts aren’t making any effort beyond what is readily apparent and Micron gets a lower P/E than its competitors.   Micron’s investors need to turn up the heat on Micron’s disclosure  and the analysts to do the work they’re being PAID to do.

Disclosure:  I own shares in MICRON Technology Inc.  (MU.O)  I am doing this “Bull and Bear“, “Pros/Cons“,  chart analysis for myself, as my homework, and due diligence, on my investment in MICRON Technology Inc.  (MU.O)  and  sharing, what I am seeing in that analysis, with you today for next week’s trading.   Sorry, the MICRON Technology Inc.  (MU.O)  fundamentals analysis is a separate draft and is currently still a work in progress and I was hoping to post this charts analysis  earlier today.

 

 

Related previous blog posts:

 

mu 20160311d

MICRON Technology Inc.  (MU.O) Daily chart #1

(1)  Analysis of Daily chart activity through Friday’s (3/11/2016) close at   11.39

Be prepared for a potential short term price fall back to the 11.22 area.   The current trend is down and all orders on the short side may be considered.    If already holding short positions, look to take partial profits on any retracement to 12.29.  Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 12.29.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at:     10.06
If Short, exit all contracts at:     12.29

 Additional Daily chart observations, analysis, and projections
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.

MICRON Technology Inc.  (MU.OProjections:
The upper projected target is: 12.73.
The lower projected target is: 9.94.
The projected closing price is: 11.33.
:: Please Note:  these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets

mu 20160311w
MICRON Technology Inc.  (MU.O) Weekly chart #1 (MACD: Bullish)

(2) Analysis of Weekly chart activity through Friday’s (3/11/2016) close at   11.39
   The current trend is down and all orders on the short side may be considered.  If already holding short positions, look to take partial profits on  any retracement to 13.46.  Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 15.08.  Be prepared for a potential short term price rally back to the 12.55  area.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:      9.31
If Short, exit all contracts at:     16.63
mu 20160311m
MICRON Technology Inc.  (MU.O) Monthly chart #1
(3)  Analysis of Monthly chart activity through Friday’s (3/11/2016) close at   11.39
   The current trend is down and all orders on the short side may be considered.   The current market price activity  is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, look to take partial profits on  any retracement to 20.57.  Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 29.78  Be prepared for a potential short term price rally back to the 16.80  area.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:      9.31
If Short, exit all contracts at:     35.52
    –   –   –   –           –   –   –   –
 III.  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.
( 9) MICRON TECHNOLOGY INC (MU) for Monday, (3/14/2016)
Closed 3/11 up @ 11.39  +0.51 (+4.69%)   After Hours: 11.33 -0.06 (-0.53%)
  •   :: Pivot point    11.21
  •   Support (s1)   11.03     Support (s2)  10.66
  •   Resistance (r1)  11.58    Resistance (r2)  11.76
  •   Simple Moving Average (Close 50):  11.33
  •   52 week High   29.78     52 week Low    9.31
  •   :: 52 week performance   -59.15%  YTD performance  -67.47%
  •             –   –   –   –           –   –   –   –
——  Monday, 3/14/2016 thru Friday 3/18/2016  ——-

 

( x)   All Links can be opened in a new tab or new window …

  •  ( xi )  I will be returning and adding more related chart info including Pivot Points, Support, Resistance, et cetera, along with links to charts with  daily, weekly, and monthly chart analysis

 

Please read:

 
              [ More  Blogs ]
           –  –
   Hope the above MICRON Technology Inc.  (MU.O)  calculations for Monday, 3/14/2016
help your investing and trading today …
                  –   –   –   –           –   –   –   –
                  –   –   –   –           –   –   –   –
Advertisements

13 thoughts on “MICRON Technology Inc (MU.O) (d-w-m) (p2)

  1. So, the charts aren’t pretty. However, the “math” is also producing more “contrarian” indications that Mr. & Ms. Fickle Markets might be taking a chance and moving money into Micron … thereby producing the “contrarian” indications.

    Hmmm! … indications that Mr. & Ms. Fickle Markets might be taking a chance and moving money into Micron … …?! ” A condition I didn’t, yet, get to investigate due to family commitments.

    Surprise, Surprise:

    Oppenheimer & Co. Inc. Purchases 51,967 Shares of Micron Technology, Inc. (MU)
    Posted by Rick on Mar 16th, 2016

    http://www.thevistavoice.org/2016/03/16/oppenheimer-co-inc-purchases-51967-shares-of-micron-technology-inc-mu/957360/

    Like

  2. What I can’t grasp regarding Nomura’s Romit Shah’s downbeat assessment of Micron Technologies (MU) is his arguing about Samsung’s widening technology lead over Micron Technologies (MU) is based on WHAT Samsung IP and products?? Samsung doesn’t have, didn’t conceptualize, didn’t R&D … IP and products like Micron’s Automata, the Hybrid Memory Cube, 3D Xpoint, and more we do not yet know about

    … but also what Nomura’s Romit Shah misses the point on.:

    When Micron began working on its NEW unique products, Micron had to solve MANY problems … problem solving resolutions and advances … that Micron may be able to apply to its other product lines.

    I would argue, it is Micron poised to take the title as “Technology Leader” from Samsung ….

    Like

  3. Nomura’s Romit Shah’s downgrading of Micron Tech is spawning articles like this:

    Micron drops as Nomura downgrades in response to DRAM checks
    Mar 7 2016, 09:28 ET

    http://seekingalpha.com/news/3165408-micron-drops-nomura-downgrades-response-dram-checks

    Timing could be everything! The next Micron Quarterly report is Mar 30, 2016 at 2:30 PM MT (4:30 PM ET). Hmmm! With Micron’s report after the markets close on Wednesday, the calendar first quarter of 2016 has one full trading day left … Thursday. This begs the question, Is Micron planning a surprise the funds aren’t expecting … ???

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s