Analysis

A semiconductor rebound before Micron earnings: check the pace of growth

In daily charts captured on September (9) 27, MU and SOX are each above their 20-day moving averages but below summer highs. Since Micron mentioned moderating price increases alongside strong Q4 guidance, the September (9) 30 release should be assessed for next-quarter growth and margin momentum together with whether MU and SOX respond jointly afterward.