![]() THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. DISCLOSURES: (None) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY. Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here. We expect additional outperformance from not only MU, but also many of its peers in the semiconductor sector as the cyclical bull trend keeps hold of the broader market. Lastly, MU is poised to outperform the broader equity market, noting it has reversed a three-year downtrend in its ratio versus the S & P 500 Index (SPX), which now possesses positive long-term momentum per a rising 200-day moving average. Initial support is at the rising 50-day (10-week) moving average, currently near $80, above which warrants a bullish short-term bias. MU saw a corrective phase to start 2024, but Friday's strength has resulted in a bullish short-term momentum shift to suggest the primary uptrend is resuming. This suggests MU can see a return to resistance at the 2021 high, which is the only major hurdle on the chart, aligned with the highs from 2000. ![]() Intermediate-term momentum is strongly positive per the weekly MACD, shown in the chart. Our long-term momentum indicators shifted decisively positive in Q4 2023, suggesting the cyclical uptrend is sustainable in the months ahead. (MU ), which has seen a long-term turnaround that began with a breakout above the weekly cloud model (shaded area on the chart) in September 2023. The momentum and relative strength behind the semiconductor sector drew us to the chart of Micron Technology, Inc. The impressive rally late last week was exemplary of that, with semiconductor sector benchmarks up 3% to 4% on both Thursday and Friday, comparing favorably to the major indexes. Semiconductor stocks tend to exhibit upside leadership in strong tapes. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Hopefully, I can throw next month, but if not, whenever that time does come, I know I'm gonna rip it.Best Debt Consolidation Loans for Bad Credit "They said 16 weeks after the surgery, but hopefully, I'm trying to push to get before that," Richardson said. ![]() His plan is to get back to throwing in some capacity next month. 24, so he still has a ways to go, but right now things do look good for the 21-year-old. He underwent surgery eight weeks ago, on Oct. Richardson, suffered a Grade 3 AC joint sprain in his right shoulder in Week 5 against the Titans, was originally told he could begin throwing again 16 weeks after surgery, and his goal is to beat that timeline. "I think I'm progressing way faster than everyone thought," he said on Tuesday during an event at Riley's Children's, via CBS4 in Indianapolis. 4 overall pick suffered a season-ending shoulder injury that in October, and Indianapolis' quarterback is now providing a positive update to his recovery a little over two months later. Anthony Richardson's rookie year ended a lot earlier than he, the Colts and their fans had hoped. ![]()
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