$Micron Technology(MU)$ The 964 to 992 area looks like an important range that needs to hold. That's based on the Fib .382 retracement level and the measured move price projection.
$Micron Technology(MU)$ If the CEO put out a press release on Dec 9 saying that on Dec 11, if the price is below $1100, Micron would use the $35B earmarked for buybacks to buy until it reaches $1100, what would happen? I think the price would go to $1100, and Micron wouldn't have to spend a dime. Then on Dec 16, the CEO could put out another press release saying Micron will buy any shares below $1200 on Dec 18. Maybe they'd have to buy 1 million shares to get there, no problem. Do the same thing again the next week for $1300. Let's say the price gets to $1300 without Micron having to do anything. Micron could sell the million shares little by little and book the $100M profit, and they're back to the $35B buyback cash pile. Keep repeating until
$Micron Technology(MU)$ This looks like it has been bottoming on the weekly. I would be careful with shorting here, and locking in some profits seems reasonable.
$Micron Technology(MU)$ Not much to focus on right now. The sector is just moving sideways with the broader market, and we're waiting for things to settle back into a more rational range. That could take a while. NVDA, MSFT, and AVGO went through the same kind of phase, and it's still our turn. Know what you own and hold, or you may regret it later.
$Micron Technology(MU)$ Wall Street doesn't seem willing to give this a higher multiple for whatever reason. It doesn't really matter how good the numbers are.
$Micron Technology(MU)$ Revenue up 379% year over year, gross margins climbed to 87%, 26 strategic customer agreements, and over 75% of its 2027 capacity already sold out. MU also plans to return 100% of its excess cash to shareholders through buybacks. I'm looking at a $1900 price target.