Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $38.50 short put and a strike $33.50 long put offers a potential 15.21% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.50 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $33.50 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 69.75 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
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Micron Technology, Inc. – MU
Wed, 06 Feb 2019 01:55:00 +0000
NEW YORK, NY / ACCESSWIRE / February 5, 2019 / Pomerantz LLP is investigating claims on behalf of investors of Micron Technology, Inc. (“Micron” or the “Company”) (NASDAQ: MU). Such …
3 Reasons Micron Technology Stock Is Still a Buy
Wed, 06 Feb 2019 01:41:00 +0000
The memory specialist can still make a comeback.
CLASS ACTION UPDATE for XPO, YRCW, PRGO and MU: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Wed, 06 Feb 2019 00:55:00 +0000
NEW YORK, Feb. 05, 2019 — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..
Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Micron Technology, Inc. (MU)
Tue, 05 Feb 2019 23:33:00 +0000
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the March 25, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Micron Technology, Inc. (“Micron” or the “Company”) (NASDAQ: MU) securities between September 26, 2017 and November 19, 2018, inclusive (the “Class Period”). Micron investors have until March 25, 2019 to file a lead plaintiff motion. On November 19, 2018, the Financial Times reported that Chinese investigators found “massive evidence” of anti-competitive behavior by Micron and two other companies.
Micron (MU) Stock Sinks As Market Gains: What You Should Know
Tue, 05 Feb 2019 22:45:10 +0000
Micron (MU) closed the most recent trading day at $39.37, moving -0.25% from the previous trading session.
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