Micron (MU) Offering Possible 10.13% Return Over the Next 10 Calendar Days

Micron's most recent trend suggests a bearish bias. One trading opportunity on Micron is a Bear Call Spread using a strike $31.50 short call and a strike $36.50 long call offers a potential 10.13% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $31.50 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock rose above the $36.50 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 34.35 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

Tech Today: Amazon ‘Fire' Lukewarm, PCs Looking Up, Micron's Sold Out, Sprint Plunges
Wed, 06 Aug 2014 16:24:00 GMT

Summit Research: Micron Can't Make Stuff Fast Enough
Wed, 06 Aug 2014 15:20:38 GMT
Benzinga – Summit Research published a bullish report on Micron (NASDAQ: MU ), which it maintained at Buy and a $46 price target. Analyst Srini Sundararajan uses the subtitle: “Can’t Make Stuff Fast Enough” and noted …

Why TheStreet Ratings Team Says Micron Technology (MU) Stock Is a ‘Buy'
Tue, 05 Aug 2014 19:12:00 GMT
TheStreet – TheStreet Ratings team reiterates its “buy” rating on Micron Technology (MU) with a ratings score of A-.

Israeli chip maker TowerJazz Q2 profit beats estimates
Mon, 04 Aug 2014 07:35:38 GMT
Reuters – Israeli chipmaker TowerJazz on Monday beat estimates with strong second-quarter net profit due to revenue from its joint venture in Japan with Panasonic Corp. The company was forecast to earn 42 cents a share excluding items on revenue of $228.8 million, according to Thomson Reuters I/B/E/S. TowerJazz has lost money for years following heavy investment in a second chip plant in Israel. Chief Executive Russell Ellwanger said the company closed negotiations with third party customers, which should reach annual revenue beyond $100 million within the next three years.

Large trade sees ceiling in Micron
Fri, 01 Aug 2014 09:47:40 GMT

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