RyanDreBach
Long

MU Likely To Continue Up To $54's This Week

NASDAQ:MU   MICRON TECHNOLOGY INC
MU has bounced off of the bottom of it's short-term trend at $51.5 and continues it's trajectory. We could see a break up to the high $54's this week. Options expiring this week have little premium, so there's a clean way of playing this uptrend.
I think 53 this week, sept7 55. Sept 14 depends on what they say at their conference. Good news will push 57+. Sept 24 could be a rally or lay flat into earnings. Sept 6 conference will tell all
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