Micron Technology continued its decline today along with other stocks in the chip sector, including Intel. Back on Sep 20 I set up the Trade Ahead Of Earnings Strategy against Micron stock which reported its earnings on Sep 20 after the close.
Today that trade expires when the market closes. The final trades were done today in Micron leaving the trade with a profit of 34% against capital risked in the trade.
This article outlines the trades made and includes a summary which looks at the lessons learned in this trade which can be applied to future trades.
The rest of this Micron Technology Stock (MU) strategy article is for FullyInformed Members.
34% Return on Micron Technology Stock (MU) Trade Ahead Of Earnings Strategy – Oct 19 2018
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.
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