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.
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