Micron (MU) Offering Possible 18.2% Return Over the Next 24 Calendar Days

Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 18.2% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $45.00 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 71.65 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

Better Buy: Micron Technology Inc. (MU) vs. Intel (INTC)
Sat, 19 May 2018 01:15:00 +0000
Find out which of these chipmakers has better growth prospects.

Skyworks, Broadcom and Micron Look Cheap at Current Levels
Fri, 18 May 2018 21:00:00 +0000
While soft smartphone, PC and telecom equipment demand remain headwinds, secular trends such as automotive chip growth, rising cloud data center capital spending and IoT device growth don't show any signs of withering. , one of the world's largest RF chipmakers, sports an enterprise value (market cap minus net cash) of $16.1 billion. Like various other mobile chipmakers, softer-than-expected smartphone demand has weighed on Skyworks.

Is Micron Technology (MU) Outperforming Other Computer and Technology Stocks This Year?
Fri, 18 May 2018 15:04:03 +0000
Is Micron Technology (MU) Outperforming Other Computer and Technology Stocks This Year?

Microsoft Unveils Xbox Controller for Specially-Abled Gamers
Fri, 18 May 2018 14:56:02 +0000
Microsoft (MSFT) ups its game in the console industry by dedicating Xbox Adaptive Controller to differently-abled gamers.

Starbucks apologizes for racial slur, PayPal makes a major move, Ford F-150 production restarts
Fri, 18 May 2018 14:48:05 +0000
Starbucks, PayPal, Ford, Xerox, Fujifilm and Uber are the companies to watch.

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