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ChristopherCarrollSmith

Micron upgrade, call activity, and ascending triangle break

Long
Micron Technology (NASDAQ:MU)  
ChristopherCarrollSmith  
NASDAQ:MU   Micron Technology
Triangle analysts options semiconductors DRAM
9
1
triangle analysts options semiconductors dram
Micron (MU) got an upgrade to "strong buy" over the weekend from Zack's, the best-performing analytics firm. It also got some huge options volume today, targeting $49 and $55 per share. That's probably on the strength of both the Zack's upgrade and the stock's ascending triangle break. The triangle break implies an upside of about $6 per share from the current level.

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