Micron (MU) Offering Possible 16.01% Return Over the Next 29 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 16.01% return on risk over the next 29 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 $0.69 would be kept by the premium seller. The risk of $4.31 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 62.12 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

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.

Inspur Selects Micron as Leading Memory Provider for Server Portfolio
Wed, 20 Aug 2014 13:58:37 GMT
noodls – Micron's 8Gb DDR3 SDRAM Delivers a Low-Power, High-Density Memory Solution for a Wide Range of Inspur's High-Performance and Cloud-Computing Products BOISE, Idaho, Aug. 20, 2014 (GLOBE NEWSWIRE) — Micron …

Inspur Selects Micron as Leading Memory Provider for Server Portfolio
Wed, 20 Aug 2014 12:02:02 GMT
Thomson Reuters ONE – Micron`s 8Gb DDR3 SDRAM Delivers a Low-Power, High-Density Memory Solution for a Wide Range of Inspur`s High-Performance and Cloud-Computing Products BOISE, Idaho, Aug. 20, 2014 (GLOBE NEWSWIRE) — Micron …

Inspur Selects Micron as Leading Memory Provider for Server Portfolio
Wed, 20 Aug 2014 12:00:00 GMT
GlobeNewswire – BOISE, Idaho — Micron Technology, Inc. and Inspur Group today announced that Micron's 8Gb DDR3 SDRAM components will be used in a wide range of Inspur's computing products. This announcement follows Micron's …

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