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

MU earnings
2023-03-28

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

AFTER THE REPORT2023-03-28
-8.0%0.0%+13.0%Report close+20 sessions
MUSPYReturn from pre-report close
Next-open gap+2.75%
First session+7.19%
Five sessions-3.39%
20 sessions+2.94%

Objective read

The reaction, under the hood

The first regular session closed +7.19% from the pre-report close of $59.28. Volume ran at 3.32 times the prior 20-session baseline, which HPT classifies as elevated participation.

By session 20, MU was +2.94% while SPY was +2.21%. The +0.72% 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 55.0. The first-session range was 1.73 ATR with the close at 75% of that session's range.