Public trading strategy
Micron surges on memory chip boom — jump on the AI hardware rally
Thesis
The artificial intelligence boom requires massive amounts of high-performance computer memory. Micron is a major supplier, and as AI hardware demand stays hot, their sales are expected to stay strong. Trading the upward momentum here catches the broader hardware wave powering the AI trend.
Strategy approach
Build a trend-following strategy for MU on the daily timeframe. Enter a long position when the stock's 9-day exponential moving average crosses above its 21-day exponential moving average. Exit the trade when the 9-day EMA crosses back below the 21-day EMA.
Markets and timeframes
MU1D