Micron burst volume fell 8%, foreign: NAND mid not optimistic

Concerned about the high price-earnings ratio of technology stocks, the United States funds began to rapidly shift from science and technology stocks in the financial, industrial and other sectors, the weakness in the semiconductor stocks, including memory maker Micron (Micron Technology Inc.) plunged 8% plummeted for the long Up to 18 months in the long market, the third formally pulled back.

Micron ended sharply lower by 8.74% at the close of trade on the 29th to close at $ 43.74, the lowest closing price since November 9, down from 30 components of the Philadelphia Semiconductor Index, second only to MKS Instruments, Inc., a maker of semiconductor advanced process monitoring equipment Day fell 8.75%).

MarketWatch reported that it was the largest one-day drop Micron has seen since July 2016, with the 29-day volume expanding to 79.5 million shares, more than double the daily average of 31.7 million shares, making it the Nasdaq Stock Exchange The most active stocks.

KeyBanc Capital analyst Weston Twigg on the 29th forecast DRAM contract prices in November although slightly higher than in October, but the contract price of NAND-type flash memory may be due to the limited demand and decline.Although the long-term trend of memory is pretty, NAND recent to mid-term Trend is partial to negative, DRAM kinetic energy is neutral.

Harvest XQ global winner system quotes show that the United States so far this week soared as much as 11.96%, closing 29 (43.74 US dollars) on November 22 compared with the 17-year high of 17 points (49.89 US dollars) pulled back 12.3% into the correction area Which is a 10% drop from the previous wave height).