In each of its last two reports, $MU beat estimates by double-digit margins. Post-print reactions were mixed.
But tomorrow’s print carries more than just a beat-or-miss: - Gross margins near 86% put the durability of this cycle in focus. - Enterprise SSD revenue jumped 126% QoQ last quarter, adding another growth driver. - JPMorgan estimates forward production coverage under Strategic Customer Agreements could exceed 35%, potentially reaching 50%+. - Investors are watching for details on capital returns ahead of the December 9 CHIPS Act milestone.
Options are already pricing in about an 8.5% swing, with a $1,200 call wall.
All eyes are on FY27 guidance and how long Micron can sustain its record margins.
Trade $MU options with funded capital on Vanquish. #EarningsSeason
Printing a massive symmetrical triangle formation after a strong rally! Bulls are defending rising support near $60, while resistance around $70 remains the key breakout zone.
A confirmed breakout above $70 could open the door toward $80–$90, with momentum potentially building for further upside 📈🔥
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Theta is approaching the neckline of a rounding bottom on the weekly chart, mirroring the same structure that formed in late 2023 before its last major rally.
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$MU Micron has endured some pretty harsh consolidations in the past 4 months or so.... the big picture here is such that what really matters is this 150-pt range..... any deviation out of it would be drawn back into this consolidation zone, while volume has generally cooled down.... the incoming earnings will define its trend into end of year - if a big b/o happens, it should take it up 400-500 pts minimum.... if no good, room for downside is pretty limited.....
D.A. Davidson analyst Gil Luria has said again- a Buy rating on Micron with a $2,000 price target.
She also said, $META's Muse as evidence that expanding AI use cases could keep up infrastructure demand. This will make the stock go up in the long term.
In one day, we will have a new monthly candle, which will most likely show a manipulation.
Locally, I expect the price not to drop below 4.00$ anytime soon, only if there are negative news.
From a global perspective, I continue to hold NEAR with the first target at 7$ and the second at 9$. After a breakout and confirmation, I also expect a move towards the ATH at 20.00$