This post was just published on ZYX Buy Change Alert.
MU is long from an average price of $21.77. It is trading at $26.89 as of this writing. Partial profits have previously been taken as high as $29.60.
It appears that one or more institutions are in possession of adverse information that is not yet public. However we cannot confirm this at this time.
What To Do Now
Depending upon your account size and personal preference, consider taking profits on one-half of the position right here and put a protective stop on the remaining one-half in the zone of $25.43 to $25.68.
We have received many emails from subscribers wanting to add right here. There is merit to this but the risk is very high. Our objective is to make high risk adjusted returns. For this reason, it is not prudent to buy here.
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