Micron (MU) Offering Possible 5.04% Return Over the Next 18 Calendar Days

Micron's most recent trend suggests a bearish bias. One trading opportunity on Micron is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 5.04% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $32.00 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 65.76 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

Stock pick: Assessing Micron versus its peers in the memory space
Tue, 29 Apr 2014 13:00:07 GMT
Market Realist – Micron has the highest profit margins and free cash flow yield compared to its main peers. We believe Micron Technology is fairly valued at present.

Micron’s key cloud innovations include its hybrid memory cube
Mon, 28 Apr 2014 21:00:07 GMT

Why Micron Technology (MU) Stock Is Still a ‘Buy'
Mon, 28 Apr 2014 19:43:00 GMT
TheStreet – TheStreet Ratings team reiterates its ‘buy' rating for Micron Technology (MU) as tech stocks sell-off Monday.

Micron: DRAM Trends Healthy, Says Nomura, NAND a Work in Progress
Mon, 28 Apr 2014 17:32:00 GMT
Barrons.com – Nomura Equity Research's Sidney Ho today reiterates a Buy rating on shares of Micron Technology (MU), and a $30 price target, writing that the DRAM market is “tight” for supply of chips for PCs and …

Why competition in the 3D NAND flash space is heating up
Mon, 28 Apr 2014 17:00:06 GMT

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