Micron’s Stock Might Face A Steep Decline Following Q4 Results

Summary:

  • Micron’s fiscal Q4 earnings report on September 25 is crucial, with the stock at a critical support level and options positions bullish.
  • Consensus expects EPS of $1.10 and revenue of $7.7 billion, but guidance must exceed expectations to avoid disappointment.
  • Elevated implied volatility suggests a significant post-earnings move, with key support at $85; breaking this could lead to further declines.
  • Rising short-sale volume and gross margin concerns add pressure; strong guidance is essential to reverse the stock’s recent downtrend.

Micron San Jose Office

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Micron (NASDAQ:MU) will report its fiscal fourth-quarter earnings after the close on September 25, followed by a conference call at 4:30 PM ET. The stock has declined by more than 30% since its June results, erasing nearly all of its gains


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