Public trading strategy
Micron profits about to skyrocket 1,000% — ride the chip stock momentum
Thesis
Micron's profit growth is expected to be massive, signaling that the demand for computer memory is incredibly strong right now. When a major tech company shows this kind of sudden, near-pure profit growth, it often lifts the entire semiconductor sector as investors pile into related stocks. Getting in before or just after the report captures the momentum of big money flowing into chips.
Strategy approach
Build a long volatility breakout strategy on MU. Enter long on the Daily timeframe if the stock breaks 2% above the previous day's high within 3 days following the earnings release. Exit if the stock drops below the 10-day EMA, or set a 7% stop loss. Max hold time of 10 days.