General Stock Ideas

[gfp927z]

MU at new high, confirming that the uptrend is intact. Pretty impressive performance considering the overall market weakness.

The RSI is now 73.36 and MACD is 3.017. When these reach 80 and 4 respectively, that's when to watch for a pullback. The RSI has been an especially accurate predictor of interim tops for MU, hitting 80 at the Nov and March highs.

I see SNES is still holding above the 200 MA. I'm surprised it hasn't retraced more after that huge move. The volume has dropped off but the stock remains buoyant so far. It sounded like the California decision is just a formality, so the next thing to determine are the revenue projections. They need a significant revenue jump to justify the $20 mil market cap (last quarter revenues were under $20 K). I don't have a good feel for the company however, basically 'winging it'. Would need to do a lot more research to give an informed opinion on the stock.