Another Reversal for MU?

Hi Shoppers,

Micron Technology (Ticker: MU) is once again bumping up against a major resistance level at $64:

Looking more closely, yesterday’s candle could be a doji signaling a change in trend.

In this case, lower:

Watch for the confirmation this morning for MU to trade lower before hopping into some puts.

If MU happens to trade higher and close above $64, perhaps calls will be in order.

Trade accordingly.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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