Micron's most recent trend suggests a bearish bias. One trading opportunity on Micron is a Bear Call Spread using a strike $45.00 short call and a strike $50.00 long call offers a potential 26.58% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $50.00 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 31.35 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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Sun, 16 Sep 2018 22:40:22 +0000
Stock futures fall Sunday. The U.S.-China trade war seems set to escalate this week after hopes for new talks lifted markets last week
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Sun, 16 Sep 2018 15:32:00 +0000
Samsung, Micron, and Western Digital could face a rude awakening in 2019.
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Sat, 15 Sep 2018 15:29:00 +0000
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Sat, 15 Sep 2018 12:01:11 +0000
Micron Technology Inc NASDAQ/NGS:MU
Micron (MU) Outpaces Stock Market Gains: What You Should Know
Fri, 14 Sep 2018 21:45:09 +0000
Micron (MU) closed the most recent trading day at $44.30, moving +1.64% from the previous trading session.
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