Micron (MU) Offering Possible 28.53% 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 $38.00 short put and a strike $33.00 long put offers a potential 28.53% 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 $38.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock dropped below the $33.00 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 33.23 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 Investors Prepare to Learn the Latest
Tue, 19 Mar 2019 03:51:00 +0000
Industry developments point in both directions for the memory specialist.

Buy 'Cheap' Micron (MU) Stock Before Earnings, Despite Chip Price Worries?
Mon, 18 Mar 2019 20:17:08 +0000
Micron Technology (MU) stock has outperformed the semiconductor market's impressive 2019 comeback. Despite this climb, shares of Micron rest far below their 52-week high. So, is now the time to buy Micron stock with the company scheduled to report its second-quarter fiscal 2019 financial results after the closing bell Wednesday?

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Forget Falling Chip Prices, Micron Stock Is Cheap
Mon, 18 Mar 2019 16:40:00 +0000
The big chip maker’s shares are oversold amid early signs of stabilization in the chip market. It’s a good time to buy.

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Mon, 18 Mar 2019 15:28:49 +0000
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