Will Investors Notice Exciting Sign On Micron Technology's Chart?

If history is any guide, there may be good fortune ahead for shares of Micron Technology MU. A so-called “golden cross” has formed on its chart and, not surprisingly, this could be bullish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It’s Important: The 50-day and the 200-day simple moving averages are commonly used.

The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.

That just happened with Micron Technology, which is trading around $56.37 at publication time.

Remember: Seasoned investors don’t blindly trade Golden Crosses.

Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible long positions.

With that in mind, take a look at Micron Technology’s past and upcoming earnings expectations:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	-0.01	1.30	2.44	1.97
EPS Actual	-0.04	1.45	2.59	2.14
Revenue Estimate	4.12B	6.68B	8.64B	7.52B
Revenue Actual	4.08B	6.64B	8.64B	7.79B

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	-0.01	1.30	2.44	1.97
EPS Actual	-0.04	1.45	2.59	2.14
Revenue Estimate	4.12B	6.68B	8.64B	7.52B
Revenue Actual	4.08B	6.64B	8.64B	7.79B

Also consider this overview of Micron Technology analyst ratings:

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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