What the Options Market Tells Us About Micron Technology
Portfolio Pulse from Benzinga Insights
Options market activity indicates a bullish stance on Micron Technology (NASDAQ:MU), with 55% of investors showing bullish expectations. Significant trading activity aims for a price range of $60.0 to $150.0 over the next three months. Micron Technology, a major semiconductor company, is currently trading at $95.13, up by 0.7%, with an RSI suggesting it may be approaching overbought territory. An analyst from Mizuho maintains a Buy rating with a target price of $105.
March 06, 2024 | 8:15 pm
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Options market activity and analyst ratings suggest a bullish outlook for Micron Technology, with a current trading price of $95.13 and a target of $105.
The bullish sentiment in the options market, combined with a Buy rating from a Mizuho analyst, indicates a positive short-term outlook for Micron Technology. The significant trading activity aiming for a price range of $60.0 to $150.0 supports this bullish stance. However, the RSI nearing overbought territory could introduce volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100