Micron Stock: After Nearly Doubling, It’s Time To Take Profits (Technical Analysis)

Summary:

  • Micron Technology, Inc. is a high-quality cyclical business that has provided good returns for me during past cycles.
  • The current Micron cycle has been similar to the one in 2018-19, and Micron stock is now trading near all-time highs.
  • Micron has performed well, doubling the return of the S&P 500, and I have taken profits, completing a second successful Micron investment.
  • I share why my process has worked well with Micron, and I share the results of the strategy with AMD and Nvidia stock as well to provide additional context.

Man Planting Flag On Piles Of Cash

DNY59

Introduction

Successfully investing in individual stocks and achieving alpha requires at least two important things, in the words of well-known investor Howard Marks, an investor must be both contrarian and correct. This means that a successful investing process can’t be the


Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


If you have found my strategies interesting, useful, or profitable, consider supporting my continued research by joining the Cyclical Investor’s Club. It’s only $40/month, and it’s where I share my latest research and exclusive small-and-midcap ideas. Two-week trials are free.

Leave a Reply

Your email address will not be published. Required fields are marked *