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Websim Technical Analysis, March 31, 2022: LONG MU

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

Micron Technology, an American multinational company operating in the semiconductor sector, has published the accounts for the second quarter. Profits have exceeded the consensus. The company posted earnings of $2.14 per share (+ 9% on consensus), up $ 1.16 from the same quarter last year, when the company posted EPS of 98 cents. The company recorded revenue of $ 7.79 billion, which is more than an estimated $ 7.52 billion. JP Morgan raised the target to $ 120 from $115. he stock yesterday showed very strong volatility, probably linked to the news that Apple intends to diversify its chip suppliers also from Chinese companies.

Micron Technology [MU.O] is down to $78.3 in pre-trading (-1.25%). Yesterday, it gained 3.5% to $79.16. The stock remains in the trading range between $96 and $70. After retesting the low end in mid-March, the stock has regained strength. The good quarterly report should allow for further stretches, especially if rates begin to fall. We buy with a target of $90.

We recommend going LONG on the stock by buying the Leverage Shares 2X Micron Technology ETP (ISIN: IE00BKT66K01), with an increase in exposure on possible downturns towards $80, with short-term targets towards $88 and $90. Alert/stop loss should be below $75 (closing daily).


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Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

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Violeta Todorova

Senior Research

Violeta se unió a Leverage Shares en septiembre de 2022. Ella gestiona la realización de análisis técnicos, investigación macroeconómica y de acciones, y ofrece información valiosa que ayuda a la definición de estrategias de inversión para los clientes.

Antes de unirse a LS, Violeta trabajó en varias empresas de inversión de alto perfil en Australia, como Tollhurst y Morgans Financial, donde pasó los últimos 12 años de su carrera.

Violeta es una técnica de mercado certificada de la Asociación Australiana de Analistas Técnicos y tiene un Diploma de Postgrado en Finanzas e Inversiones Aplicadas de Kaplan Professional (FINSIA), Australia, donde fue profesora durante varios años.

Julian Manoilov

Marketing Lead
Julián se unió a Leverage Shares en 2018 como parte de la principal expansión de la compañía en Europa del Este. Él es responsable de diseñar estrategias de marketing y promover el conocimiento de la marca.

Oktay Kavrak

Head of Communications and Strategy

Oktay se incorporó en Laverage Shares a fines de 2019. Él es responsable de impulsar el crecimiento del negocio al mantener relaciones clave y desarrollar la actividad de ventas en los mercados de habla inglesa.

Él vino de UniCredit, donde fue gerente de relaciones corporativas para empresas multinacionales. Su experiencia previa es en finanzas corporativas y administración de fondos en empresas como IBM Bulgaria y DeGiro / FundShare.

Oktay tiene una licenciatura en Finanzas y Contabilidad y un certificado de posgrado en formación empresarial de Babson College. También es titular de una certificado CFA (Chartered Financial Analyst).

Sandeep Rao

Investigación

Sandeep se unió a Leverage Shares en septiembre de 2020. Está a cargo de la investigación de líneas de productos existentes y nuevas, clases de activos y estrategias, con un enfoque particular en el análisis de eventos y desarrollos recientes.

Sandeep tiene una larga experiencia en los mercados financieros. Comenzó en un hedge fund con sede en Chicago como ingeniero financiero, su carrera abarcó varios dominios y organizaciones durante un período de 8 años, desde la División de Prime Services de Barclays Capital hasta (más recientemente) el Equipo Index Research de Nasdaq.

Sandeep tiene una maestría en Finanzas, así como un MBA del Illinois Institute of Technology de Chicago.

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