lunes, 7 de abril de 2014

04/07/2014 Micron Technology MU FORECAST Last Price: $22.58

Micron Technology MU 07/04/2014 Last FORECAST Price: $ 22.58
Hi  Everybody, Another Monday and the battle begins again !
Today I will look at Micron Technology. As you know, this company manufactures computer components (DRAM , NOR Flash , NAND flash) and it is a provider of advanced semiconductor solutions.
During the last session the stock wnt back a -5.92 % , and was the third most traded stock on the market.
The company recently announced the results for its second quarter of fiscal 2014 , with better results compared to the second quarter of 2013 .
Analyst Consensus gives a target price of $ 28.45
The action is rolling with low P / E:   8.30  and EPS =: 2.72. No dividend in this stock.
When you look at the financial data we can see a diluted EPS of 1.13 in 2013 compared to the average of the last 4 years 0.52 ( In 2012 , the company reported a -1.04 EPS ) .
The sales growth was 10.19% against 3 years avg 2.5 % ( In 2012 , the company reported -6.30 %).
Let's see the chart  and the technical  :
The price is in the bottom of an uptrend channel .
The AVG200 = 19.56 and is relatively far from the actual price.
The MACD is negative with negative slop .
RSI gives us a reading of 41 % and crossed the 50% line , on April 3 .
The stochastic is down from 75 % and DMI shows more negative movements.
Support and Resistance:
S1: $ 22.10   S2: $ 18.67     R1: $ 24.53     R2: $ 26.68
The  purchase range( price range to buy the stock ) is [ $ 21.31 ; $ 22.04 ] , at this prices our targets will be:
TG1 : $ 23.97
Tg2 : $ 25.17
Tgext : $ 27.10
Nothing more ! , I hope this analysis has been useful to you.

Here is the chart !