Micron (MU) Offering Possible 26.58% Return Over the Next 31 Calendar Days

Micron's most recent trend suggests a bearish bias. One trading opportunity on Micron is a Bear Call Spread using a strike $35.00 short call and a strike $40.00 long call offers a potential 26.58% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $35.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $40.00 long call strike price.

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

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

The RSI indicator is at 38.8 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

Micron Technology (MU) Stock Higher Today After Analysts' Reiterate Ratings
Tue, 16 Dec 2014 17:47:00 GMT
TheStreet – Shares of Micron Technology (MU) are up after Jefferies and Nomura reiterated their ‘buy' ratings on the stock with price targets of $42 and $45, respectively.

Micron: Nomura Ups target to $45; Jefferies Sees Favorable DRAM Prices
Mon, 15 Dec 2014 23:03:00 GMT
Barrons.com – Shares of DRAM and NAND chip maker Micron Technology (MU) closed down 65 cents, or almost 2%, at $33.35, despite a couple of bullish Street notes today. Jefferies & Co.’s Mark Lipacis today reiterated …

Sonic Foundry Q4 Loss Widens, Revenues Rise, Shares Dip
Fri, 12 Dec 2014 13:10:02 GMT

Semiconductor Stocks Have Outperformed but Extreme Volatility Is a Red Flag
Thu, 11 Dec 2014 14:08:00 GMT

The Zacks Analyst Blog Highlights: Acadia Healthcare, Micron Tech and Pantry
Tue, 09 Dec 2014 14:13:52 GMT

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