MICRON Technology Inc. (MU.O) (d-w-m) for Monday (9/19/2016)

 

  In Quadruple Witching and FOMC negativity influenced markets Micron Technology Inc. (MU.O) moved against the grain and closed up Friday  at $17.48  +0.03 (+0.17%).
  With September’s Quadruple Witching options and futures expiry struggles over … it appears, in addition to Monday’s numbers, my Thursday and Friday projections are still need to know.   I am in progress of adding more info and charts to Monday’s homework:
  I do not know if you get to listen to Conference calls …  It’s YOUR money.  I would highly suggest, and always recommend, doing so.    Since this blog is about Micron, I suggest checking out Investor Calendar for Micron Technology  (MU) here:
 and listen to what Micron’s Ernie Maddock, CFO  said here:
  • Citi 2016 Global Technology Conference
  •   Location: New York Sep 8, 2016 10:15 AM ET
  •   Speaker: Ernie Maddock, CFO
  • Micron Technology, Inc.
  • Presenting at: Deutsche Bank 2016 Technology Conference
  • Wednesday, September 14, 2016 at 1:20 pm PDT / 4:20 pm EDT

 I have NOT published this yet, and we do not read about it anywhere else …

 Micron’s CFO had good to great things to say about revenues, earnings, margins, and  profits at or “near” the HIGH end of the stated “projected” range and “near” as in “above” was not out of the realm of possibilities.   Micron has posted it expects to report Q4’2016 on October 4th, 2016 at 2:30 PM MT (4:30PM ET).  Any announced, or reported,  hike in earnings estimates is always viewed by analysts as a good thing and usually begets analyst upgrades …
  Micron’s CFO previously stated that customers were coming to Micron, reminding Micron that they buy a lot of DRAM, and questioning how much QuantX (Micron’s 3D Xpoint) they could get.  IMHO, this product UNIQUE to Micron and Intel (INTC) provides leverage to Micron thru “ALLOCATION” of QuantX to Micron customers and ZERO allocation to NON-customers.  Allocation is that politically correct word substituted for “rationing.”
Micron and Intel also have TLC “floating gate” 3D NAND. Too many analysts LUMP non-interchangeable NAND types together  to argue oversupply.   IMHO, due to hardware and software differences, Micron and Intel’s 3D TLC “floating gate” NAND will experience a shortage versus the competition’s “charge trap” 3D NAND …
  IMHO, Apple Inc. (AAPL) and other tech companies are “seeing the light” with both Intel and Micron … because, if they don’t buy needed chips from Micron and Intel … the very real risks are that they won’t see any 3D Xpoint.   IMHO, 3D Xpoint and 3D “floating gate” TLC NAND may provide leverage to Micron to achieve better margins with companies like Apple Inc.
 I will be publishing my Micron/Intel/Apple Inc. blogs today, tonight, and/or tomorrow and adding additional info from drafts and notes.
 Related:

 Now to Micron’s Charts

   Analysis of MICRON Technology Inc.’s (MU.O) Daily, Weekly, Monthly, (d-w-m) chart activity through Quadruple Witching Friday’s (9/16/2016) close at  $17.48
The current trend is up and all orders on the long side may be considered.  The current 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 16.37.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 16.14.   Be prepared for a potential short term price pull back to the 16.36 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …     16.14
If Short, exit all contracts at …     18.08
 —–
     —–
mu-20160916d
  Chart #1 (above, daily, myPPt-Sup-Res)   Micron Tech (MU.O)
              ———————————————
  •   :: Pivot point   17.63
  •   Support (s1)  17.19       Support (s2)  16.89
  •   Resistance (r1) 17.93   Resistance (r2)  18.37
  •   Simple Moving Average (Close 50):   $15.07    (uptrend)
  •   Simple Moving Average (Close 200):  $12.58    (uptrend)

Additional Micron Tech (MU.O) DAILY chart info:

  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the upside.
  • The upper projected target is: 18.63.
  • The lower projected target is: 16.54.
  • The projected closing price is: 17.59.
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-20160916w
  Chart #2 (above, weekly, myPPt-Sup-Res)  Micron Tech (MU.O)  Weekly (Monday 8/8/2016 to Friday 8/12/2016)
              ———————————————
  •    :: Pivot point   17.13
  •   Support (s1)  16.54       Support (s2)  15.60
  •   Resistance (r1)  18.25    Resistance (r2)  19.02
  •   Simple Moving Average (Close 50):    13.30     (uptrend)
  •   Simple Moving Average (Close 200):   19.45     (uptrend)
Additional Micron Tech (MU.O) WEEKLY chart info:
  • Overall, the bias in prices is: Upwards.
    Short term: Prices are moving.
    Intermediate term: Prices are trending.
  • Note: this chart shows extraordinary price action to the upside.
  • The upper projected target is: 19.96.
    The lower projected target is: 15.07.
    The projected closing price is: 17.51.
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-20160916m
   Chart #3 (above, monthly, myPPt-Sup-Res)  Micron Tech (MU.O) Monthly    Note the forming of the CLAW, advising me more homework is needed, in the monthly chart. 
              ———————————————
  •    :: Pivot point   17.29
  •   Support (s1)  16.49       Support (s2)  15.51
  •   Resistance (r1)  18.27    Resistance (r2)  19.07
  •   Simple Moving Average (Close 50):   18.63    (uptrend)
  •   Simple Moving Average (Close 200):  17.07    (downtrend)
  Additional Micron Tech (MU.O) MONTHLY chart info:
  • Overall, the bias in prices is: Downwards. 
  • Short term: Prices are stalling. 
  • Intermediate term: Prices are trending.    
  • The upper projected target is: 24.66.
  • The lower projected target is: 10.75.
  • The projected closing price is: 17.71.
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, 9/19/2016   thru    Friday 9/23/2016  ——

Hope the above MICRON Technology Inc. (MU.O) (d-w-m) Charts, Support and Resistance, and more …  calculations for Monday, 9/19/2016  help your investing and trading planning today …

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2 thoughts on “MICRON Technology Inc. (MU.O) (d-w-m) for Monday (9/19/2016)

  1. MU ….. 16.95 -0.53 (-3.03%) After Hours: 17.00 +0.05 (0.29%)

    PROs and CONS, whether you are a Bull, or a Bear, we need to know Supports, resistances … and because it’s MY money, as well as YOUR money, I include the pullback numbers as well as the retracement numbers so each reader can calculate their OWN Risk/Reward Ratios ….

    Hope this helps …

    Like

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