Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 19.9% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $65.00 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 51.92 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
Better Buy: AMD vs. Micron Technology
Fri, 17 Sep 2021 12:17:00 +0000
Five months ago, stock for Advanced Micro Devices (NASDAQ: AMD) and Micron Technology (NASDAQ: MU) were following different trajectories when it came to their prices. Micron started the year on a positive note thanks to the terrific demand for memory chips, while AMD was struggling in the wake of the sell-off in tech stocks and market share gains clocked by Intel. Micron, on the other hand, has lost investor confidence due to concerns about the health of the memory market.
3 Dividend Stocks With 133% to 155% Upside, According to Wall Street
Fri, 17 Sep 2021 10:06:00 +0000
What might surprise you is that some of the biggest projected gainers are dividend stocks. Based on the highest-listed price target by an analyst or investment bank on Wall Street, the following three dividend stocks could offer upside ranging between 133% and 155%. The first company, memory and storage solutions provider Micron Technology (NASDAQ: MU), might come as a bit of a surprise because the company hasn't paid a dividend in a quarter of a century.
Crypto Bull Steve Cohen is Buying These 10 Stocks
Thu, 16 Sep 2021 12:36:25 +0000
In this article, we discuss the 10 stocks that crypto bull Steve Cohen is buying. If you want to skip our detailed analysis of these stocks, go directly to Crypto Bull Steve Cohen is Buying These 5 Stocks. Steven Cohen, the chief of Connecticut-based Point72 Asset Management, recently joined a growing list of Wall Street […]
Have $3,000? 3 Unbelievable Growth Stocks You Can Buy on Sale
Thu, 16 Sep 2021 10:10:00 +0000
These companies are benefiting from solid secular tailwinds, and their shares are still trading for cheap.
Micron (MU) Dips More Than Broader Markets: What You Should Know
Tue, 14 Sep 2021 21:45:09 +0000
Micron (MU) closed at $73.49 in the latest trading session, marking a -1.16% move from the prior day.
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