Micron (MU) Offering Possible 23.76% Return Over the Next 27 Calendar Days

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 23.76% return on risk over the next 27 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 $0.96 would be kept by the premium seller. The risk of $4.04 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 60.69 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

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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.

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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 […]

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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.

3 Value Stocks to Buy While They're Cheap
Mon, 13 Sep 2021 10:22:00 +0000
With enough looking, investors can still find quality companies trading at low valuation ratios across a range of sectors. Today, financial stock Discover Financial Services (NYSE: DFS), tech giant Micron Technology (NASDAQ: MU), and U.S. cannabis company Ayr Wellness (OTC: AYRW.F) all appear to fit that description. Credit card giant Discover Financial is up an impressive 33% on the year, but the stock is still one of the cheapest in the financial sector, which is also one of the lowest-valued sectors around.

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