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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Micron Technology    MU

MICRON TECHNOLOGY (MU)
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Micron Technology : Close to an important medium term support level

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10/12/2018 | 04:29pm CET
long trade
Stop-loss triggered
Entry price : 42.57$ | Target : 47.75$ | Stop-loss : 39.9$ | Potential : 12.17%
The technical support around 41.61 USD emanating from daily closing prices could trigger a technical rebound for Micron Technology shares.
Investors have an opportunity to buy the stock and target the $ 47.75.
Chart MICRON TECHNOLOGY
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Micron Technology Technical Analysis Chart | MarketScreener
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Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

Strengths
  • The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 40.41 USD in weekly data.
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Historically, the company has been releasing figures that are above expectations.
  • The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Weaknesses
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
  • For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.

David Meurisse
© Zonebourse.com 2018
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2019 29 023 M
EBIT 2019 13 528 M
Net income 2019 11 155 M
Finance 2019 4 992 M
Yield 2019 -
P/E ratio 2019 3,63
P/E ratio 2020 4,17
EV / Sales 2019 1,14x
EV / Sales 2020 1,10x
Capitalization 38 207 M
Upcoming event on MICRON TECHNOLOGY
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 55,5 $
Spread / Average Target 63%
EPS Revisions
Managers
NameTitle
Sanjay Mehrotra President, Chief Executive Officer & Director
Robert E. Switz Chairman
Manish Bhatia Executive Vice President-Global Operations
David A. Zinsner Chief Financial Officer & Senior Vice President
Scott J. DeBoer Executive Vice President-Technology Development
Sector and Competitors
1st jan.Capitalization (M$)
MICRON TECHNOLOGY-17.61%38 207
INTEL CORPORATION1.99%217 885
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%187 642
BROADCOM INC-2.81%103 225
TEXAS INSTRUMENTS-11.99%90 810
NVIDIA CORPORATION-24.06%89 633