When the Price of (MU) Talks, People Listen
October 30, 2024, 04:34 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MU
- Buy MU near 96.16 target 118.43 stop loss @ 95.88 Details
The technical summary data tells us to buy MU near 96.16 with an upside target of 118.43. This data also tells us to set a stop loss @ 95.88 to protect against excessive loss in case the stock begins to move against the trade. 96.16 is the first level of support below 108.18 , and by rule, any test of support is a buy signal. In this case, support 96.16 would be being tested, so a buy signal would exist.
- Short MU slightly under 118.43, target 96.16, stop loss @ 118.77 Details
The technical summary data is suggesting a short of MU as it gets near 118.43 with a downside target of 96.16. We should have a stop loss in place at 118.77though. 118.43 is the first level of resistance above 108.18, and by rule, any test of resistance is a short signal. In this case, if resistance 118.43 is being tested, so a short signal would exist.
Swing Trading Plans for MU
- Buy MU slightly over 109.6, target 118.43, Stop Loss @ 109.28 Details
If 109.6 begins to break higher, the technical summary data tells us to buy MU just slightly over 109.6, with an upside target of 118.43. The data also tells us to set a stop loss @ 109.28 in case the stock turns against the trade. 109.6 is the first level of resistance above 108.18, and by rule, any break above resistance is a buy signal. In this case, 109.6, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MU slightly near 109.6, target 104.65, Stop Loss @ 109.92. Details
The technical summary data is suggesting a short of MU if it tests 109.6 with a downside target of 104.65. We should have a stop loss in place at 109.92 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 109.6, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MU
- Buy MU slightly over 109.12, target 109.6, Stop Loss @ 108.87 Details
If 109.12 begins to break higher, the technical summary data tells us to buy MU just slightly over 109.12, with an upside target of 109.6. The data also tells us to set a stop loss @ 108.87 in case the stock turns against the trade. 109.12 is the first level of resistance above 108.18, and by rule, any break above resistance is a buy signal. In this case, 109.12, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MU slightly near 109.12, target 106.49, Stop Loss @ 109.37. Details
The technical summary data is suggesting a short of MU if it tests 109.12 with a downside target of 106.49. We should have a stop loss in place at 109.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 109.12, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Micron Technology Inc. (MU) available here: MU.
MU Ratings for October 30:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Strong |
Strong |
P1 |
0 |
0 |
96.16 |
P2 |
106.49 |
104.65 |
118.43 |
P3 |
109.12 |
109.6 |
142.68 |
AI Generated Signals for MU
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Micron Technology Inc. (NYSE: MU) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MU can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MU: