MU - powering upward

Micron Technology (MU) continued to push upward (intra high $49.63), settling +3.7% at $49.40. The key psy' level of $50 is clearly viable within the immediate term. The m/t hyper bullish target remains $100, which is ironically rather conservative.


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Summary

Suffice to add, yet another day higher for Micron, as the psy' level of $50.00 is set to be hit. With an FPE in the 7s, the notion of $100 by late 2018 is very much viable.
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There has been sustained option call buying in MU for some considerable time, today was no exception...

Pete Najarian of investitute.com highlighting notable call activity.

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yours... bullish to $100.