Micron (MU) Offering Possible 15.74% Return Over the Next 26 Calendar Days

Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $32.50 short put and a strike $27.50 long put offers a potential 15.74% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $27.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Micron is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Micron is bullish.

The RSI indicator is at 67.43 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Micron

Why TheStreet Ratings Team Rates Micron Technology (MU) Stock a ‘Buy'
Mon, 25 Aug 2014 19:44:00 GMT
TheStreet – TheStreet Ratings team rates Micron Technology (MU) stock a ‘buy.'

Mellanox Enables Highly Efficient Virtual Desktop Infrastructure using VMware’s Virtual SAN Storage Solution and Micron SSDs
Mon, 25 Aug 2014 13:34:53 GMT
noodls – … This is an abstract of the original noodl. To continue reading this document, click here for the original version.

Mellanox Enables Highly Efficient Virtual Desktop Infrastructure using VMware’s Virtual SAN Storage Solution and Micron SSDs
Mon, 25 Aug 2014 12:30:00 GMT
Business Wire – Mellanox® Technologies, Ltd. , a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced a

Good Time to Buy Micron Technology, Cummins?
Thu, 21 Aug 2014 19:20:28 GMT
Fox Business – Can Micron Technology and Cummins make you money?

One Factor Driving Micron Technology (MU) Stock Up Today
Wed, 20 Aug 2014 15:24:00 GMT
TheStreet – Micron Technology (MU) rose Wednesday after the technology company and Inspur announced Micron's 8Gb DDR3 SDRAM components would be used in several Inspur computing products.

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