Micron's most recent trend suggests a bearish bias. One trading opportunity on Micron is a Bear Call Spread using a strike $32.00 short call and a strike $37.00 long call offers a potential 14.94% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $37.00 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 35.47 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Micron
Israeli chip maker TowerJazz Q2 profit beats estimates
Mon, 04 Aug 2014 07:35:38 GMT
Reuters – Israeli chipmaker TowerJazz on Monday beat estimates with strong second-quarter net profit due to revenue from its joint venture in Japan with Panasonic Corp. The company was forecast to earn 42 cents a share excluding items on revenue of $228.8 million, according to Thomson Reuters I/B/E/S. TowerJazz has lost money for years following heavy investment in a second chip plant in Israel. Chief Executive Russell Ellwanger said the company closed negotiations with third party customers, which should reach annual revenue beyond $100 million within the next three years.
Large trade sees ceiling in Micron
Fri, 01 Aug 2014 09:47:40 GMT
Dow Erases 2014 Gain Amid Global Selloff as Exxon Tumbles
Thu, 31 Jul 2014 20:40:14 GMT
Samsung sneezes, Micron Technology catches cold
Thu, 31 Jul 2014 20:36:00 GMT
Leaders Hit As Stock Sell-Off Ramps Up Into The Close
Thu, 31 Jul 2014 20:32:00 GMT
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