“The Market Isn’t Breaking. It’s Rotating!”
MU beat estimates but trades lower post-earnings; monitor 20-day MA for support following recent breakout.
Finally, I would like to point out that Micron announced its results after the market closed. From what I 've seen, the company has exceeded earnings and revenue expectations, but the stock is still down about $7 in after-hours trading, less than 1%, which is a slight decrease.
I recommend monitoring the 20-day moving average in case of any weakness. Let's see if it holds, because we recently saw a breakout in Micron's stock performance , and I hope this rise in the 20-day moving average continues .