Micron: buyers retake control
Micron up 0.4% as buyers retake control after the plunge two weeks ago
Micron: buyers retake control
Our view last week
Micron Technology is in week 11 of a buy signal and stands at +114% since entry: all 3 targets of our most advanced model have already been hit, and coverage is complete. Signal strength stays high at 87 out of 100, but with an elevated volatility profile: a wide opportunity, to manage with discipline rather than improvisation.
This week's summary
After a 13.8% plunge two weeks ago, Micron shares closed the past week almost flat, up 0.4%, with buyers back in control: 61% of volume on the buy side versus 88% on the sell side the week before. Price is compressed between the 20-day average, in the 1,011 area, and the daily pivot average, in the 977 area, while on the daily chart a clean double bottom in the 873 area has already produced a 47% rebound. The trade now stands at 115% profit since entry.
IQS Phase
58
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#7 / 129
US stocks in progress
Trade P&L %
+115.20%
from signal to today
restricted Platinum content