MARKET TAPEINDICES / ETF PROXIES
VIX 16.39Daily close · Oct 1
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Micron Technology · earnings reaction edition

MU earnings
2017-03-23

What price, participation and market-relative performance did after this report.

AFTER THE REPORT2017-03-23
-8.0%0.0%+13.0%Report close+20 sessions
MUSPYReturn from pre-report close
Next-open gap+12.24%
First session+7.40%
Five sessions+9.44%
20 sessions+3.21%

Objective read

The reaction, under the hood

The first regular session closed +7.40% from the pre-report close of $26.47. Volume ran at 4.07 times the prior 20-session baseline, which HPT classifies as elevated participation.

By session 20, MU was +3.21% while SPY was +0.24%. The +2.97% spread shows whether the move remained company-specific or faded back toward the broad tape.

Before the report, price was above its 55-day EMA and RSI measured 64.9. The first-session range was 2.44 ATR with the close at 16% of that session's range.