Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $35.50 short put and a strike $30.50 long put offers a potential 13.12% 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 $35.50 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $30.50 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 at 74.41 level which suggests that the stock is neither overbought nor oversold at this time.
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PR Newswire – BOISE, Idaho, Dec. 3, 2014 /PRNewswire/ — Crucial.com, a leading online retailer specializing in computer memory (DRAM) upgrades and solid state drives (SSDs), announced today its acceptance of the 2014 Bizrate Circle of Excellence Platinum Award for outstanding customer experience. This is the fourteenth consecutive placement Crucial.com has received from Bizrate. Out of more than 5,200 retailers in the Bizrate Network, only 2.9 percent received the Bizrate Circle of Excellence Award in 2014. “At Crucial.com we strive to integrate exceptional customer service into every pillar of our business,” said Kathy Lansdowne, Crucial.com senior manager of customer relations.
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