Micron Technology, Inc. (NASDAQ:MU) HEFFX Highlights

Micron Technology, Inc. (NASDAQ:MU) HEFFX Highlights

Micron Technology, Inc. (NASDAQ:MU) HEFFX Highlights

  • Micron has announced incoming snoopcam flash cards with up to 256GB capacity, trumpeting that edge storage is the future of video surveillance.
  • The cards come in 32 and 64GB capacities now, with 128 and 256GB cards on the way. They use 64-layer, 2bits/cell (MLC), 3D NAND and have firmware that claims to minimise frame drops and video loss. They have been stamped with a 2 million-hour mean-time-before-failure (MTBF) rating.
  • They also have monitoring software which estimates the useful life remaining in the card.
  • Micron has given them a three-year warranty with 24×7 use, and says this industrial-grade microSD is more reliable than consumer versions, but gives no comparative numbers. Instead it says it has twice the reliability of a Seagate 4TB SkyHawk video surveillance disk drive.

Micron Technology, Inc. is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 47.05.

The projected lower bound is: 42.27.

The projected closing price is: 44.66.

MICRON TECH closed up 0.070 at 44.380. Volume was 100% below average (consolidating) and Bollinger Bands were 13% narrower than normal.

Open        High           Low            Close          Volume
44.790      45.330       43.780       44.380       72,229

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period        50-period         200-period
Close:                      41.88                 37.21                 30.26
Volatility:               39                       40                      41
Volume:                  31,788,644       34,155,224       29,244,522

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

MICRON TECH is currently 46.7% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of MU.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on MU.O and have had this outlook for the last 51 periods. Our momentum oscillator is currently indicating that MU.O is currently in an overbought condition.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 86.6837. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 14 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 73.04. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 14 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 249.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 7 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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