MU - already breaking into the $40s

Whilst the US equity market broke a quintet of index historic highs, there was continued significant strength in Micron Technology (MU), breaking an intra high of $40.37, settling +1.7% at $40.01. Near term outlook threatens a touch of cooling, but mid term outlook is hyper bullish, after what is a monstrously bullish breakout.


MU daily

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Summary

*I was tempted to highlight DIS or INTC, today, but MU is too difficult to resist.

I can only suggest anyone do a little research into recent earnings, and then consider what was a powerfully bullish August settlement.

see: http://investors.micron.com/

Most recent earnings: http://investors.micron.com/releasedetail.cfm?ReleaseID=1041722
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Jon Najarian, aka Dr' J, highlighting more call buying in MU

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First target zone of $45/50 is clearly within range before year end. On balance, the giant $100 threshold looks on the menu in 2018, assuming the main market 'bullish train remains on the tracks'.

yours... powered by NVDA, INTC, and MU.