Micron Technology Inc (NASDAQ:MU) Aligns with Minervini Trend Template and High Growth Momentum

The Mark Minervini Trend Template combined with High Growth Momentum screening represents a methodical process for finding stocks that show both strong technical trends and sound fundamental growth features. This approach centers on securities trading in confirmed uptrends, verified by moving average order and price location compared to 52-week ranges, while also needing faster earnings, revenue growth, and better profit margins. By sorting for stocks that satisfy these two conditions, investors can locate companies showing both market strength and foundational business progress.

Technical Trend Template Alignment

MICRON TECHNOLOGY INC (NASDAQ:MU) shows good fit with Minervini's Trend Template standards, which is important for finding stocks in lasting uptrends. The template's moving average conditions make sure a stock keeps positive progress across different periods, while price location compared to 52-week highs and lows helps find securities with ongoing upward possibility.

Important technical standards met by Micron include:

• Current price ($181.60) trading significantly higher than all main moving averages (50-day: $142.51, 150-day: $113.35, 200-day: $108.85)
• All moving averages moving upward, confirming continued positive momentum
• 50-day SMA located higher than both 150-day and 200-day SMAs, showing faster intermediate-term momentum
• Current price sitting 195% higher than its 52-week low of $61.54, showing a good recovery pattern
• Trading within 9.7% of its 52-week high of $201.00, showing closeness to leading territory
• Relative Strength ranking of 93.02, showing it performs better than 93% of all stocks

High Growth Momentum Fundamentals

The High Growth Momentum part centers on companies showing faster business results through earnings improvement, revenue growth, and margin gains. These basic drivers are important as they often come before continued stock price gains and help find companies with lasting competitive strengths.

Micron shows very good growth features across several areas:

Earnings Performance:

• TTM EPS of $8.29 shows 553% year-over-year improvement
• Quarterly EPS improvement speeding up with the last quarter showing a 157% increase compared to the year-before period
• Four straight quarters of earnings beats with an average surprise of 6.34%
• 20% upward change in next-year EPS estimates over the last three months

Revenue Growth:

• 49% year-over-year revenue improvement on a TTM basis
• Steady quarterly revenue growth with the most recent quarter up 46%
• 19% upward change in next-year revenue estimates over the last three months

Margin Gains:

• Profit margin increase to 28.3% in the most recent quarter from 20.3% the previous quarter
• Major year-over-year margin improvement from 3.1% in the last fiscal year
• Showing pricing ability and operational efficiency improvements

Technical Health Assessment

The ChartMill technical report gives Micron a good technical rating of 9 out of 10, reflecting very good technical condition across different periods. The stock maintains positive long-term and short-term trends with steady performance compared to both the wider market and its semiconductor industry group. While the setup rating is currently 3 because of recent price swings, the basic technical structure remains firm with identified support levels between $128.50 and $175.64.

Detailed technical analysis available here

Investment Considerations

For investors using the Minervini method, Micron presents a notable case joining technical soundness with fundamental speed. The stock's fit with trend template standards suggests the present uptrend has structural backing, while the high growth momentum signs point to foundational business progress that could support more price gains. The mix of earnings speed, revenue improvement, and margin growth creates a solid fundamental setting that supports the technical view.

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute investment advice. All investment decisions should be based on individual research and risk tolerance. Past performance does not guarantee future results. Please read our full disclaimer at https://www.chartmill.com/documentation/disclaimer