MU is trying to bounce of long time support ($65.65) and has just taken out a swing low from 4/18 ($69.75)
From here there is room to retest highs at $76.00
It does need to break above $70 again in my opinion.
Trade idea:
Entry: Above $70.00
Target: $75.00
Contract idea: $75c 6/13 (currently trading at $1.00)
Stop Loss: 65.50
Disclaimer: This is not a trade signal, This is just a trade idea. Trade at your own risk
From here there is room to retest highs at $76.00
It does need to break above $70 again in my opinion.
Trade idea:
Entry: Above $70.00
Target: $75.00
Contract idea: $75c 6/13 (currently trading at $1.00)
Stop Loss: 65.50
Disclaimer: This is not a trade signal, This is just a trade idea. Trade at your own risk