MICRON Technology Inc. (MU.O) (d-w-m) for Monday (10/03/2016)

 

  MICRON Technology Inc. (MU.O) is scheduled to report Q4’2016 and Year 2016 earnings after the market closes on Tuesday 10/4/2016 at 2:30 PM MT (4:30 PM ET).   DRAM prices have been firm and gaining.  The DRAM industry does not appear to be adding any new DRAM wafer starts that would add to supply.  Articles tend to lump all DRAM together, despite that DRAM for PC’s is not interchangeable with Mobile DRAM …   Sadly, there are those ready to argue that 3D Xpoint (or QuantX), co-developed and owned by Intel (INTC) and Micron Tech (MU.O) is simply another version of DRAM to be lumped with DRAM.
  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
Related

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

  Currently the Moving Average Convergence Divergence (MACD) is bearish since it is trading below its signal line.  The MACD crossed below its signal line 15 trading days ago.  Since the MACD crossed its moving average, MICRON Technology Inc.’s price per share has increased 5.77%, and has ranged from a low of $16.37 to a high of $18.16.  The MACD is not in an Overbought/Oversold range.  There have been no divergence signals within the last 5 trading days.  MACD Value: 0.460  MACD Signal Line: 0.509

Note:  The MACD can provide buy/sell indications in three ways, (a) signal line crossovers, (b) overbought/oversold conditions, and (c) divergences.

 Checking the Relative Strength Index (RSI) for Micron Tech (MU.O) finds the RSI at 60.8084.  The RSI is not in an Overbought/Oversold range.
Analysis of MICRON Technology Inc.’s (MU.O) Daily, Weekly, Monthly, (d-w-m) charts activity through Friday’s (9/30/2016) close at  $17.78
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 16.72.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 16.72.   Be prepared for a potential short term price pull back to the 16.72 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …     16.37
If Short, exit all contracts at …     18.16
     —–
mu-20161003d
  Chart #1 (above, daily, myPPt-Sup-Res)   Micron Tech (MU.O)
              ————————————
  •   :: Pivot point   17.79
  •   Support (s1)  17.57       Support (s2)  17.36
  •   Resistance (r1) 18.00   Resistance (r2)  18.21
  •   Simple Moving Average (Close 50):   $15.93    (uptrend)
  •   Simple Moving Average (Close 200):  $12.72    (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: this chart shows extraordinary price action to the upside.
  • The upper projected target is: 18.99.
  • The lower projected target is: 16.76.
  • The projected closing price is: 17.87.
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-20161003w
  Chart #2 (above, weekly, PP-Sup-Res)  Micron Tech (MU.O)  Weekly (Monday 8/8/2016 to Friday 8/12/2016)
              ————————————
  •    :: Pivot point   17.70
  •   Support (s1)  17.23       Support (s2)  16.69
  •   Resistance (r1)  18.24    Resistance (r2)  18.71
  •   Simple Moving Average (Close 50):    13.27     (down tick)
  •   Simple Moving Average (Close 200):   19.57     (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: 20.02.
  • The lower projected target is: 15.51.
  • The projected closing price is: 17.77.

 

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-20161003m
   Chart #3 (above, monthly, PP-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   17.41
  •   Support (s1)  16.67       Support (s2)  15.55
  •   Resistance (r1)  18.53    Resistance (r2)  19.27
  •   Simple Moving Average (Close 50):   18.64    (uptrend)
  •   Simple Moving Average (Close 200):  17.07    (downtrend)
  Additional Micron Tech (MU.O) MONTHLY chart info:
  • Overall, the bias in prices is:  Sideways.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  • The upper projected target is: 24.98.
  • The lower projected target is: 11.05.
  • The projected closing price is: 18.01.
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  10/3/2016   thru    Friday 10/7/2016  ——

Hope the above MICRON Technology Inc. (MU.O) (d-w-m) Charts, Support and Resistance, and more …  calculations for Monday, 10/3/2016  help your investing and trading planning today …

 

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