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Micron Technology (MU) NewsBite - MU Could Be On the Move

Oct 19, 2009 (Fresh Brewed Media via COMTEX) --

Company: Micron Technology, Inc. (MU)

Micron Technology (MU) could be on the move today and is now at $8.05, up $.10 (1.26%) on volume of 4,881,338 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.59 to a high of $9.13. MU was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw101909 . Micron Technology stock has been showing support around $7.49 and resistance in the $8.71 range. Technical indicators for the stock are bullish and S&P gives MU a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on MU the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 7 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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Company: Micron Technology, Inc. (MU)


Related terms: S&P

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