Friday, March 29, 2019 11:24:52 AM
I watch MU regularly and saw negative news about it yesterday (as I recall) but it's being ignored which I interpret as a good sign.
So I was just mumbling to myself a few minutes ago that I should monitor it a little more carefully and come back to trading it once in a while.
As I see it until it's proven otherwise, MU will trade in the upper half of its red fork, or perhaps above SMA(50), so any test of the middle tine or SMA(50) is a good entry point, but only if the overall market is behaving well.
I underline that last phrase because I would not be surprised if $SPX rolls over and goes farther down in a significant correction, and I'm not the only one that thinks that. If you look at $SPX using weekly intervals (bottom chart), I have $SPX making the right shoulder of an H&S pattern. That means that $SPX topped out last week. And it also means that MU topped out last week, at $44.21 (the upper corner of the red down-fork).
Recent MU News
- Starboard Acquires $1 Billion Stake in Pfizer; Rio Tinto Pursues Acquisition of Arcadium Lithium, and More • IH Market News • 10/07/2024 09:49:44 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/04/2024 08:12:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2024 09:04:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/30/2024 09:35:17 PM
- Futures Edge Higher Following Closely Watched Inflation Data • IH Market News • 09/27/2024 01:10:36 PM
- U.S. Stocks Move Higher On Micron News, Upbeat Economic Data • IH Market News • 09/26/2024 08:33:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/26/2024 04:21:29 PM
- Micron May Help Lead Early Rally On Wall Street • IH Market News • 09/26/2024 01:06:16 PM
- Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2024 • GlobeNewswire Inc. • 09/25/2024 08:07:05 PM
- U.S. Stocks Close Slightly Higher; Dow, S&P Post New Highs • IH Market News • 09/23/2024 08:44:00 PM
- Micron Expands SSD Portfolio With New Crucial P310 2280 Gen4 SSD, Bringing High-Octane Performance To Gamers and Creators • GlobeNewswire Inc. • 09/17/2024 01:00:00 PM
- Investors Anticipate Retail Sales Data and Fed Decision; Oil Prices Dip as Investors Weigh U.S. Production • IH Market News • 09/17/2024 10:42:43 AM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Micron to Report Fiscal Fourth Quarter and Full-Year 2024 Financial Results on September 25, 2024 • GlobeNewswire Inc. • 08/28/2024 08:01:00 PM
- Google Forced to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Google Mandated to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 10:31:17 PM
- Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback • IH Market News • 08/08/2024 09:48:43 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 12:45:51 PM
- Micron Develops Industry’s First PCIe Gen6 Data Center SSD for Ecosystem Enablement • GlobeNewswire Inc. • 08/05/2024 01:03:00 PM
- Micron Technology Announces Upcoming Investor Events • GlobeNewswire Inc. • 08/01/2024 08:01:00 PM
- Micron Announces Volume Production of Ninth-Generation NAND Flash Technology • GlobeNewswire Inc. • 07/30/2024 01:03:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 10:29:44 PM
- Micron Introduces the World’s Fastest Data Center SSD • GlobeNewswire Inc. • 07/23/2024 01:01:00 PM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM