SIGNAL: MICRON TECHNOLOGY ROCKETING AFTER EARNINGS, TAKE ADVANTAGE OF STRENGTH TO BOOK PARTIAL PROFITS $MU

SIGNAL: MICRON TECHNOLOGY ROCKETING AFTER EARNINGS, TAKE ADVANTAGE OF STRENGTH TO BOOK PARTIAL PROFITS $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 $29.37.  25% of the full core position size is being held.  Partial profits have previously been taken.

This computer memory manufacturer reported earnings better than the consensus and better than the whisper numbers. This is the reason the stock is up  $3.30 in the after market.  The stock is very actively trading.

What To Do Now

Those in the stock may consider taking partial profits on  another 10% tranche in the zone of $29 to $30.34, consider holding the remaining 15%.  It is prudent to take profits in the after market if you can.

Those not in the stock may wait for a signal on the Real Time Feed.

As a reminder adjust any stops after this profit taking.

MU was recently included in the Holy Grail post for those who were under invested and wanted to buy something now.  Such recent investors also now have good gains.

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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