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crawfordpaul
2020년 10월 1일 오전 8시 46분

MU Earning Flop/Bearish Pennant Active 

Micron Technology, Inc.NASDAQ

설명

NASDAQ:MU was short 11 cents on its earnings, was downgraded by several groups and began to selloff yesterday, activating bearish pennant with extremely high volume. Earlier in August their CFO stated that the future of memory chips doesn't look good (bloomberg.com/news/articles/2020-08-13/micron-falls-after-cfo-says-outlook-worse-for-memory-chip-demand) and it caused a 9.54% drop from the day's open over the course of a week. After reaching oversold levels on RSI the stock rallied. My target price for is MU is 10% from Wednesday's opening price- roughly 44.05 though I would like to see a break below 46.65 before taking a position. If MU continues to sell my next target would be 41.14
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