Chart of Day: Tech Stock Soaring on Earnings

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. Micron (SYM: MU) is exploding, as hoped. On September 9, we noted, “Keep an eye on oversold shares of Micron Technology (SYM: MU). After dropping from about $110 to a low of $89.39, it’s now attempting to pivot from double bottom support. It’s also attempting to pivot from over-extensions on RSI, MACD and Williams’ %R and could potentially retest $110 in the near term.” At the time, MU traded at $87. Today, it’s up to $109.88 after posting solid earnings and guidance. For its fourth quarter, the company’s EPS of $1.18 beat by seven cents. Revenue of $7.75 billion, up 93.3% year over year, beat by $100 million.  “Looking ahead, Micron expects revenue for the first-quarter to be between $8.5B and $8.9B, with the midpoint of $8.7B above the $8.32B estimate. The company also said it expects to earn between $1.66 and $1.82 per share on an adjusted basis, with the midpoint of $1.74 above the $1.52 consensus estimate,” as noted by Seeking Alpha. Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264 Daily Guru Trades Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. While subscribers receive the benefit of Daily Guru Trades opinions, none of the information contained therein constitutes a recommendation from Daily Guru Trades that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. 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