MU – is your Stock Trade Ideaof the Week

MU Stocks Trade Idea

With the last two Trades of the Week being defensive in nature, this week will focus on something not so defensive in case the major indexes decide to move higher.  A scan created to look for stocks consolidating above key moving averages and push higher is showing Micron Technology ( MU ) as a candidate for a conditional Trade of the Week. MU is tightly coiled just above the 8 day simple moving average. Many times, stocks in uptrends will sit in a tight range just above a “fast” moving average like the 8 SMA before launching higher.
images of stocks scanner showing MU as top of the list

The Trade of the Week will be considered live at 30.87

So set your price alerts for that level this week. Should the trade trigger, the suggested stop will be 29.55 and the suggested target will be 33.00. As always, size your own position accordingly so that the maximum dollar loss will equal the stop loss level of 29.55. The trigger point of 30.87 will remain live for this week only and expire Friday Sept 1.

image of MU Stocks trading chart

image of Trade Ideas banner

Footnote:

This is a table showing the maximum profit for past 2017 Trades of the Week. Timing the top is impossible but this table shows how much alpha was possible when considering your personal exit of these positions. The trades outlined in red eventually hit their suggested stop prices, so you can see the importance of timing and harvesting profits along the way when you can, especially those that move above 10%. We will update this table when needed to bring data more up to date.

image of trade ideas stocks trading result

*Assumptions
Targets are not absolute. Targets involve timing. Profits can and should be harvested along the way.
Risk to Reward ratio ideal is 1:3
Trades of the week that do not reach entry prices are not considered live and are expired at the end of the current week. (ORCL, HLF and JNPR)

TOW Rules: 20% Rule.  If a performance is up 10% and gives back 20%, take the 8 and run. (Profit Save, Trailing Stop).

Stocks that gap up over the entry price are considered up to the discretion of the buyer as to the entry price (WETF)

Happy investing!
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Founded in 2002, Trade Ideas software was created to be an edge for traders by accomplishing what no human can doówatch every trade of every stock and alert to profitable activity. TI Proís OddsMaker backtests and optimizes your strategies against the entire market, not just a basket of stocks. Donít spend hours researching, pouring over charts, or programming backtests. Get the Trade Ideas Advantage. Find. Test. Invest.

Trade Ideas

Founded in 2002, Trade Ideas software was created to be an edge for traders by accomplishing what no human can doówatch every trade of every stock and alert to profitable activity. TI Proís OddsMaker backtests and optimizes your strategies against the entire market, not just a basket of stocks. Donít spend hours researching, pouring over charts, or programming backtests. Get the Trade Ideas Advantage. Find. Test. Invest.

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