MICRON Technology Inc. (MU.O) (d-w-m) (p5)

Micron Technology is a world leader in memory and semiconductor technology.  Micron offers the industry’s broadest portfolio of silicon-to-semiconductor solutions—starting with foundational DRAM, NAND, and NOR Flash memory, and extending to SSDs, modules, MCPs, HMC, and other semiconductor solutions.

    Micron Technologies (MU) filed a rights offering, ostensibly to protect its carry forward losses, suggesting a suitor is kicking the tires, perhaps with an investment, or a buyout in mind.  Why would  any potential suitor want Micron Technologies Inc.  when analysts keep hyping chips as commodities and commodity pricing?   Probably because unlike analysts,  prospective buyer/buyers have a pretty good idea about the much ignored UNIQUE products Micron will be bringing to market  like Automata, 3D Xpoint,  3D (floating gate) NAND TLC, … products the competition doesn’t have.  As one example, is the overlooked potential of Micron-Intel’s 3D Xpoint that it could “conservatively”  take 15 to 30 percent of the “total”  DRAM market.    A prospective buyer, may be looking to acquire Micron at a “bargain purchase” price before Micron shareholders can learn and realize the value of Micron’s unique products to Micron’s potential and growth.
   Plus, Micron has important, strategic partnerships with Intel (INTC), Seagate Technologies (STX), and an ongoing collaboration with IBM, plus Micron Tech listens to its customers to bring them  packaged components that can save customers money and provide Micron with higher margins … moving away from commodity pricing.
           ————————————-

Micron’s Third Quarter 2016 Financial Call

Jun 30, 2016    2:30 PM MT

Nasdaq 34th Investor Program

http://investors.micron.com/disclaimer.cfm?eventid=173228

Jun 16, 2016 at 1:15 PM UK
     _________________________________
   There’s more … in draft for a Micron Technologies (MU) blog analysis on the rights offering, and other current events.      In the meantime …
                 ====================
 I.  MICRON TECHNOLOGY INC  (MU.O)     CUSIP  595112103
$14.19 Down -0.48 (-3.27 %) as of 4:00 pm ET 07/27/2016
Primary Exchange   NASDAQ-NMS    Options:  Yes
Index   NASDAQ 100®  S&P 500®
  • 52-Week High 07/29/2015 20.57
  • 52-Week Low   01/20/2016   9.31
  • Price Performance (Last 52 Weeks) 07/27/2016  -20.01%
  • Volume   …………..              35,035,816
  • Volume (10 day Average)   26,903,619
  • Volume (90 day Average)   28,598,233
  • Market Capitalization           $14.73B
  • Shares Outstanding            1,038,391,000
  • Shares Short                              69,381,506
  • Short Interest as a % of Shares Outstanding    6.68%
  • Days to Cover                 2.16
  • P/E (Trailing Twelve Months)   47.32
  • PEG Ratio (5-Year Projected)     —
  • Ex-Dividend Date                 —
  • Dividend Pay Date               —
  • Dividend                        —
  • Dividend Yield (Annualized)     —
Sep 29  MU to announce Q4 earnings After Market (Unconfirmed)
Related previous blog posts:
 II.   Analysis of MICRON Technology’s (MU.O) Daily, Weekly, Monthly, (d-w-m) chart activity through Tuesday 7/26/2016’s close at  $14.67   (See the charts below)
The current trend is up and all orders on the long side may be considered.  The current Micron Tech market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions, look to take  partial profits on any retracement to $13.02.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 12.61.   Be prepared for a potential short term price fall back to the 13.18 area.
   Suggested standing placement of capital conserving stops:
If Long, exit all contracts at …     $11.50
If Short, exit all contracts at …     $14.69
mu 20160726d
  Chart #1 (above, daily, PP-Sup-Res)   Micron Tech (MU.O) 
  •   :: Pivot point   14.43
  •   Support (s1)  14.17       Support (s2)  13.68
  •   Resistance (r1) 14.93   Resistance (r2)  15.19
  •   Simple Moving Average (Close 50):   12.45
  •   Simple Moving Average (Close 200):  12.75
  •   52 week High  $20.57       52 week Low   $9.31
Additional Micron Tech (MU.O) DAILY chart info:
  • For 7/26/2016 the closing price was 14.67.
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this Micron Tech (MU.O) Daily chart shows extraordinary
  •                     price action to the  upside.
  • Note (2): prices are vulnerable to a correction towards 12.57.
  • The upper projected  target is: 16.14.
  • The lower projected  target is: 13.40.
  • The projected closing price is: 14.77.
Please Note: these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     ———————————
mu 20160726w
   Chart #2 (above, weekly, PP-Sup-Res)     Weekly (Friday to Friday)
  •    :: Pivot point   14.41
  •   Support (s1)  14.14       Support (s2)  13.60
  •   Resistance (r1)  14.95    Resistance (r2)  15.22
  •   Simple Moving Average (Close 50):    13.26
  •   Simple Moving Average (Close 200):   19.08
   Additional Micron Tech (MU.O) WEEKLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note: this Micron Tech (MU.O) weekly chart shows extraordinary price action to the
  • upside.
  • The upper projected  target is: 17.43.
  • The lower projected  target is: 11.82.
  • The projected closing price is: 14.62.
Please Note:   these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results. 
    ——————————————
mu 20160726m
   Chart #3 (above, monthly, PP-Sup-Res)  Micron Tech (MU.O)
  •    :: Pivot point   13.62
  •   Support (s1)  12.55       Support (s2)  10.43
  •   Resistance (r1)  15.74  Resistance (r2)  16.81
  •   Simple Moving Average (Close 50):   18.22
  •   Simple Moving Average (Close 200):  17.25
Additional Micron Tech (MU.O) MONTHLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note: this Micron Tech (MU.O) monthly chart shows extraordinary price action to the downside.
  • The upper projected  target is: 21.72.
  • The lower projected  target is:   7.97.
  • The projected closing price is: 14.85.
Please Note:   these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
                 ———————–

-–  Monday, 7/25/2016   thru    Friday 7/29/2016  ——

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