TAKE PARTIAL PROFITS ON MICRON TECHNOLOGY $MU

TAKE PARTIAL PROFITS ON MICRON TECHNOLOGY $MU

This post was just published on ZYX Buy Change Alert.

MU is long from $21.77.  As of this writing it is trading at $25.83.  Those holding more than 25% may consider taking partial profits right here.  The reason is that Samsung is ramping up DRAM production. DRAMs are the primary source of revenue for MU.  DRAM is a commodity and prices can quickly get depressed.

The reason for holding the remaining, is that Wall Street is in love with this stock and may push the stock higher.   Consider raising the protective stop on a 10% tranche in the zone of $24.23 to $24.38 and on the remaining $20.31 to $20.43.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.  Please click here and scroll down to see the table of all trades.  These trades have been scrutinized in real-time by thousands of subscribers across the globe.  This provides easy verification of performance for newcomers to this site.  Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog.  When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table.  There are very nice gains on this trade but since the entry trade was not posted here in real-time, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.

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