Micron earnings hype is real, memory chip stocks rallying — ride the momentum in
Thesis
Wall Street is extremely optimistic about Micron's upcoming earnings, with several analysts predicting the company will beat expectations. Memory chips are the unsung heroes of the AI boom, and Micron just secured a high-profile deal with Anthropic, signaling strong demand. When one company in a sector has this much hype, it often lifts its competitors too. Western Digital and SanDisk are already rallying alongside Micron, and if earnings impress, that momentum could continue.
Strategy approach
Build a momentum strategy that goes long MU, WDC, and SNDK on the daily timeframe. Enter when the stock price is above its 20-day simple moving average and the 10-day rate of change is greater than 5%. Exit if the stock closes below the 20-day SMA or after a 5-day holding period. Use a 5% stop loss.