$MU – a $11 trillion market-cap titan. After-hours it’s steady like a seasoned pro, but the intraday swings are telling you not to get complacent.
Close: $971.66, up slightly after hours to $972.98. Intraday range was from $956 to $984—roughly a $30 move up and down, which is not small for a stock. Over the past week it’s gained 10.67%, but it’s still 22.6% below the 52-week high of $1,255. Q3 revenue was $41.56 billion (up 345% year over year), net income was $28.24 billion (+1,398%). Wall Street’s consensus from 46 analysts is “Strong Buy,” with an average target price of $1,502. BofA’s target is $1,550, implying 63% upside.
Technicals: $889 is near-term support, and $844 is the bull market’s lifeline. Resistance overhead at $1,011 is a key level in the near term. Volatility Beta is as high as 2.41—whether up or down, the moves have plenty of punch.
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📈 LONG SETUP (trend following)
Entry: $960 – $965 (pullback near the 50-day moving average)
SL: $935
TP1: $1,000 / TP2: $1,050 / TP3: $1,100
📉 SHORT SETUP (short-term pullback)
Entry: $1,000 – $1,010 (a near-break above resistance)
SL: $1,030
TP1: $970 / TP2: $950 / TP3: $920
Trade Here 👇
$MU
#MU #MicronRevenueJumps346To415B #AI #SemiconductorSales #stocks
Close: $971.66, up slightly after hours to $972.98. Intraday range was from $956 to $984—roughly a $30 move up and down, which is not small for a stock. Over the past week it’s gained 10.67%, but it’s still 22.6% below the 52-week high of $1,255. Q3 revenue was $41.56 billion (up 345% year over year), net income was $28.24 billion (+1,398%). Wall Street’s consensus from 46 analysts is “Strong Buy,” with an average target price of $1,502. BofA’s target is $1,550, implying 63% upside.
Technicals: $889 is near-term support, and $844 is the bull market’s lifeline. Resistance overhead at $1,011 is a key level in the near term. Volatility Beta is as high as 2.41—whether up or down, the moves have plenty of punch.
---
📈 LONG SETUP (trend following)
Entry: $960 – $965 (pullback near the 50-day moving average)
SL: $935
TP1: $1,000 / TP2: $1,050 / TP3: $1,100
📉 SHORT SETUP (short-term pullback)
Entry: $1,000 – $1,010 (a near-break above resistance)
SL: $1,030
TP1: $970 / TP2: $950 / TP3: $920
Trade Here 👇
$MU
#MU #MicronRevenueJumps346To415B #AI #SemiconductorSales #stocks