MU Stock

MU had a signal of -3.63 and a predictability of 0. In accordance with the algorithm, the company reported short-term capital losses of -19.66%.

MU was part of the stock forecast that is found in the “Best Tech Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

• Top ten stocks picks to long
• Top ten stocks picks to short

Micron Technology company supplies semiconductor solutions worldwide with many forms of devices. The firm, based in Boise, Idaho, makes dynamic random-access memory (DRAM), NAND flash memory chips, image sensors and other components, and memory modules. The company is part of the Top 5 Semiconductor producing firm in the world.

The algorithm had correctly anticipated the drop of the MU stock as we can see on the forecast above. On Friday, the stock plummeted after the report of its fiscal third quarter. In fact, the results were significantly weaker than expected. The DRAM sales came down 12% quarter-over-quarter and the total revenue decreased over 3% on a year-over-year basis. This weaknesses is mainly due to the diminishing demand for PCs. Also, the company suffers by the reduction of the DRAM prices.

The company have to cope with lower sales and margins. Its EPS estimation is going down for the next few years, as we expected to be equal to $2.74, $1.70 and $1.80 for 2015, 2016 and 2017 respectively.

It would have been a great opportunity to sell the MU stock as recommended by the algorithm before the fall of the stock.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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