Smart Money Is Betting Big In Micron Technology Options
Portfolio Pulse from Benzinga Insights
Whales are showing a bullish stance on Micron Technology (NASDAQ:MU) with significant options activity. 47% of trades are bullish, focusing on a price range of $75 to $130. The stock is currently down 1.1% at $89.42, with RSI indicators suggesting it may be oversold. Analysts have an average target price of $165.
August 06, 2024 | 2:30 pm
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POSITIVE IMPACT
Whales are showing a bullish stance on Micron Technology with significant options activity. 47% of trades are bullish, focusing on a price range of $75 to $130. The stock is currently down 1.1% at $89.42, with RSI indicators suggesting it may be oversold. Analysts have an average target price of $165.
The significant bullish options activity by whales indicates strong investor confidence in Micron Technology. Despite the stock being down 1.1%, the RSI suggests it may be oversold, presenting a potential buying opportunity. Analysts' target price of $165 further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100