Hot Semiconductor Stocks To Buy Right Now

Hot Semiconductor Stocks To Buy Right Now: Micron Technology Inc.(MU)

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR2 and DDR3; and other specialty DRAM memory products, including DDR, SDRAM, DDR and DDR2 mobile low power DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. In addition, it provides NOR flash memory products that are electrically re-writeable and non-volatile semiconductor memory devices; phase change memory products; and image sensor products. Micron Technology?s products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still c ameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as through a Web-based customer direct sales channel. The company was founded in 1978 and is headquartered in Boise, Idaho.

Advisors' Opinion:

• [By Monica Gerson]

  Micron Technology, Inc. (NASDAQ: MU) fell 2.65% to $32 in pre-market trading after the company reported downbeat quarterly revenue and issued a weak revenue forecast for the second quarter.

• [By Jonas Elmerraji]

  All eyes have been on Micron Technology (MU) in recent months -- after all, this stock has been one of the biggest momentum names of the last couple years, rallying nonstop since the start of last year. After consolidating ! sideways since July, Micron's chart is starting to give traders some clues for what's in store ahead. And we're coming up on a good time to be a buyer in MU again...

  That's because Micron is in the early stages of forming an inverse head and shoulders setup, a bullish reversal pattern that indicates exhaustion among sellers. You can spot the inverse head and shoulders by looking for two swing lows that bottom out around the same level (the shoulders), separated by a bigger trough called the head; the buy signal comes on the breakout above the pattern's "neckline" level (that's the $34 price level in MU).

  Even though the right shoulder hasn't formed yet, any close above $34 from here is a buy signal in Micron. That's because $34 has been the level that's swatted shares lower since the start of July -- if MU can suddenly catch a bid above $34, we've got our signal that buyers have taken control of this stock. Don't be early on this trade; Micron has been a volatile name this year, and that means that a failure at $34 could come with quick downside.

  Must Read: 10 Stocks Billionaire John Paulson Loves in 2014

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-semiconductor-stocks-to-buy-right-now-3.html