Public trading strategy
Micron scores major AI deal right before earnings — momentum ride on the memory
Thesis
Micron just secured a major deal with a leading AI company right before its earnings report, which acts as a massive vote of confidence in their product. Wall Street analysts are already expecting explosive growth, and the stock is rallying hard as a result. When a company's fundamental business outlook suddenly improves this dramatically right before an earnings event, the positive momentum often draws in more buyers. Look to ride this wave of excitement leading up to the official numbers.
Strategy approach
Build a rule-based strategy that enters long MU on 1D when RSI(14) > 60 and price > 20-day SMA. Exit on a 5% trailing stop or after a 7-day max hold. Also monitor WDC and SNDK as secondary plays on the same timeframe.