Micron (MU) Offering Possible 25.63% Return Over the Next 27 Calendar Days

view original post

Micron’s most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 25.63% 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 $72.50 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $67.50 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 74.72 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

This Surging Tech Stock Is a Terrific Bargain
Thu, 18 Nov 2021 13:06:34 +0000
As a result, the PHLX Semiconductor Sector index has shot up remarkably in the past month, while shares of Micron Technology (NASDAQ: MU) have also got a new lease of life after being beaten down for most of the year. Gloomy forecasts about the health of the memory industry have weighed on Micron stock in 2021, but the recent rally indicates that the chipmaker may be gaining investor confidence once again. Let’s look at the reasons why the latest surge in Micron Technology stock could be here to stay.

$8 Billion Takeover Offer Could Avert One of China’s Biggest Potential Corporate Failures
Wed, 17 Nov 2021 06:40:40 +0000
(Bloomberg) — A consortium led by Alibaba Group Holding Ltd., has emerged as the frontrunner to take over Tsinghua Unigroup Co., a deal that could fetch more than 50 billion yuan ($7.8 billion) to help keep China’s indebted chip champion afloat.Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationA Denser City, But at What Cost?An Oil Company Went Up in Flames, Burning Lenders and the PlanetHong Kong’s New Museum Tries to Please Art World — and BeijingElizabeth

Micron (MU) Stock Moves -0.67%: What You Should Know
Mon, 15 Nov 2021 22:45:10 +0000
Micron (MU) closed at $76.78 in the latest trading session, marking a -0.67% move from the prior day.

Is Micron Stock A Buy Amid Strong Memory-Chip Sales?
Sun, 14 Nov 2021 18:30:39 +0000
Micron Technology stock has risen on improving memory-chip sales. Here is what the fundamentals and technical analysis say about buying MU stock right now.

Micron (MU) Gains As Market Dips: What You Should Know
Tue, 09 Nov 2021 22:45:10 +0000
In the latest trading session, Micron (MU) closed at $75.59, marking a +1.38% move from the previous day.

Be Sociable, Share!

Related Posts