This post was just published on ZYX Buy Change Alert.
MU is long from $21.77. It is trading at $33.25 as of this writing. From a technical perspective the stock is breaking out. Please see the chart.
The new target zone is $39. to $47. The reason for a wide target is that DRAM prices are often very volatile and move this stock over a wide range.
The new buy zone is $28 to $31.27.
What To Do Now
Those in the stock may consider continuing to hold.
Those not in the stock and are good at managing breakouts, may consider scaling in right here.
Investors are excited about the new iPhone 8 expected to be unveiled Tuesday.
Still, Apple CEO Tim Cook is selling Apple AAPL shares. What does he know that we don’t? Maybe there’s nothing there. Anyway, to explore the answer, let’s start with a chart of Apple stock.
Chart
Please click here for a monthly chart of Apple stock and observe the following:
• Apple will become a $1 trillion market-cap company if the stock rises to $193.70.
• Stock charts often display symmetry. The current move up is marked “B” on the Apple stock chart, and the prior move is marked “A.”… Please click here or the title below to read more.
Hurricane damage is likely to be only about 25% of expectations.
Last week, we were the only reputable firm giving you contrary insight that has proven spot on. In the world of uncertain predictions, it doesn’t get any better than that. We wrote:
… Please click here or the title below to read more.Here is an insight. Contrary to what the media is saying, there is still a fair probability that Irma may not hit Florida as hard as expected. If this comes true, then on Monday many of the moves being seen will reverse and there may be several trading opportunities. The problem with buying or short selling these stocks or ETFs now is that the storm is not projected to hit until Sunday when the markets are closed.