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Micron Tech Nears Multi-Factor Short Sell Level

Published 07/24/2019, 04:26 PM

Shares of Micron Tech (NASDAQ:MU) are up a whopping 50% in the last month. Investors are constantly wondering where to short this overbought semiconductor stock. The answer is, "not quite yet!" Micron is trading near $48/share and the top traders in the world plan on shorting it at $49.50. This level is made up of an epic gap fill and a measured move. Add in multiple extreme overbought indicators and swing traders have an amazing risk/reward short setup on Micron Tech (MU) at that level.


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