Micron (MU) Offering Possible 55.28% Return Over the Next 35 Calendar Days

Micron's most recent trend suggests a bearish bias. One trading opportunity on Micron is a Bear Call Spread using a strike $44.00 short call and a strike $49.00 long call offers a potential 55.28% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $44.00 by expiration. The full premium credit of $1.78 would be kept by the premium seller. The risk of $3.22 would be incurred if the stock rose above the $49.00 long call 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 down which suggests that the medium-term momentum for Micron is bearish.

The RSI indicator is at 32.52 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

Mohnish Pabrai Takes Stake in GrafTech International
Wed, 14 Aug 2019 20:03:20 +0000
Guru releases 2nd-quarter portfolio Continue reading…

Micron's Downturn Isn't Over Yet
Wed, 14 Aug 2019 19:03:00 +0000
Contract prices are still trending lower, and supplier inventory levels remain elevated.

The memory game: Chip companies giving mixed signals about a rebound
Wed, 14 Aug 2019 18:27:00 +0000
Memory stores what has happened in the past, but can’t tell you what will happen in the future. It seems the same is true of memory companies.

US Stock Markets Advance Tuesday
Wed, 14 Aug 2019 16:01:33 +0000
JD.com rises on quarterly results Continue reading…

Semiconductor Stocks in Focus on China Tariff Delay
Wed, 14 Aug 2019 13:32:09 +0000
The recent delay in the tariffs on China has sent a wave of optimism throughout the tech sector—especially the semiconductor industry.

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