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

MU earnings
2018-06-20

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

AFTER THE REPORT2018-06-20
-18.0%0.0%+8.0%Report close+20 sessions
MUSPYReturn from pre-report close
Next-open gap+4.26%
First session+0.83%
Five sessions-11.35%
20 sessions-4.63%

Objective read

The reaction, under the hood

The first regular session closed +0.83% from the pre-report close of $58.95. Volume ran at 1.26 times the prior 20-session baseline, which HPT classifies as ordinary participation.

By session 20, MU was -4.63% while SPY was +1.46%. The -6.09% 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 53.9. The first-session range was 1.39 ATR with the close at 13% of that session's range.