Micron (MU) Offering Possible 108.33% Return Over the Next 28 Calendar Days

Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 108.33% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $2.60 would be kept by the premium seller. The risk of $2.40 would be incurred if the stock dropped below the $52.50 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 above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Micron

Should You Buy Micron (MU) Stock Ahead of Earnings?
Wed, 21 Mar 2018 21:49:09 +0000
Shares of Micron (MU) closed slight lower on Wednesday, just one day before the company is scheduled to release its latest quarterly financial results. Will Micron's earnings report impress investors? Let's take a closer look.

Which Is the Better Buy, WDC Stock or MU Stock?
Wed, 21 Mar 2018 21:38:54 +0000
Memory semiconductor makers Western Digital Corp (NASDAQ:WDC) and Micron Technology Inc. (NASDAQ:MU) have both been on my watchlist this year, as the industry looks ripe to continue delivering gains for the foreseeable future. Worries about a slowdown in the memory space have weighed on both WDC stock and MU stock. There is some justification for Western Digital Corp stock’s higher price tag — the company is far more established than Micron and, therefore, WDC stock offers investors much more stability.

Analyst's View On Micron Could Be A Good Contrarian Signal Ahead Of Earnings
Wed, 21 Mar 2018 20:53:30 +0000
Micron Technology, Inc. (NASDAQ: MU ) has been on an incredible run so far in 2018, surging 48.7 percent year-to-date. Analysts who weren’t on board the Micron train at the beginning of the year have been …

Micron Earnings Are Next Potential Catalyst For Its Stock
Wed, 21 Mar 2018 20:34:35 +0000
With its stock up nearly 50%, memory-chip maker Micron will need a positive earnings report to keep the momentum going.

Trump China Tariffs Due; Nike, Micron Report Earnings: Investing Action Plan
Wed, 21 Mar 2018 20:12:18 +0000
President Trump is expected to impose big tariffs on Chinese imports Thursday. Nike, Micron Technology and Darden Restaurants report earnings.

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