Micron (MU) Offering Possible 23.76% Return Over the Next 16 Calendar Days

Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $46.00 short put and a strike $41.00 long put offers a potential 23.76% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $41.00 long put 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 up which suggests that the medium-term momentum for Micron is bullish.

The RSI indicator is at 74.44 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

Powell May Cut Rates due to Trump, but There’s a Catch
Mon, 29 Jul 2019 05:30:56 +0000
Fed Chair Jerome Powell is widely expected to announce a rate cut at this week's FOMC policy meeting.

Does Micron Technology, Inc.'s (NASDAQ:MU) P/E Ratio Signal A Buying Opportunity?
Sun, 28 Jul 2019 14:45:46 +0000
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll…

Is Micron Technology Stock Really Headed to $56?
Sun, 28 Jul 2019 13:06:00 +0000
Goldman Sachs believes that Micron stock is all set to rally higher, but the reasoning for that upside does not seem convincing.

Micron (MU) Stock Sinks As Market Gains: What You Should Know
Fri, 26 Jul 2019 21:45:09 +0000
In the latest trading session, Micron (MU) closed at $47.49, marking a -0.59% move from the previous day.

Economist Warns of Cold Tech War
Fri, 26 Jul 2019 20:17:40 +0000
BNP Paribas expects a cold tech war The trade war between economic giants China and the United States continues to impact markets. President Donald Trump imposed the first round of tariffs 15 months back. The trade war has since escalated with the US banning China’s telecom giant Huawei over charges of espionage.

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