Micron Technology MU Surges After Hours | U.S. China Deal Imminent?
Micron Technology MU Stock Chart 6.26.19
Micron MU Trade Setup:
Looking for continuation from Micron Technology after the stock price surged following last night's earnings report. Planning to NOT chase the higher open but wait for a clear signal with low risk on the 15 minute chart. (Most likely an open range breakout).
If you're swing trading plenty of opportunity here as well with a break and hold above $36. Initial swing trade profit target comes in at $41.
Micron stock surges on earnings beat, improved forecast for memory-chip market
Micron Technology Inc. shares rose in the extended session Tuesday after the memory-chip maker’s results topped lowered expectations for the quarter and executives forecast improvement in the fourth quarter even though actual numbers were shy of Wall Street expectations.
Micron MU, -1.54% shares, which had been up 5% when the call started, were last up 10% after hours following the company’s outlook.
marketwatch.com/micron-stock-surges-after-hours
Stock futures surge after Treasury Secretary Mnuchin says US-China deal is 90% complete
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.
At around 5:30 a.m. ET, Dow futures rose 106 points, indicating a positive open of more than 112 points. Futures on the S&P and Nasdaq were both seen slightly higher.
“We were about 90% of the way there (with a deal) and I think there’s a path to complete this[…]”
cnbc.com/2019/06/26/china-deal-news
US Durable Goods Orders Preview: Recovery but where is the trend?
The US Census Bureau will release its report on Manufacturers New Orders for Durable Goods in May on Wednesday June 26th at 8:30 am EDT, 12:30 pm GMT
