MU - Earnings Drama

$MU has been of high interest today, due to earnings. Noise aside, let’s take a look at the daily chart, and what it means for the stock going forward.

MU Daily - 2017-09-26

Clearly, the trend is rising. For trend followers, or for those who are currently holding shares of this stock, $MU is, without a doubt, a hold. More aggressive trend traders can place a stop loss below the 50MA, and more conservative trend traders can place a stop loss below the 200MA. As of the time of writing, we are long $MU.

Bias: Bullish (Daily)
Stop (Aggressive): $32.00
Stop (Conservative): $25.92