Bullish Trendline Could Give Chip Stock A Boost

1. MU has lost three consecutive days but is up 40.3% YTD. 2. Recent losses are near a trendline indicating potential bullish returns. 3. An 86% chance of gain follows similar previous instances after 80% periods above trendline. 4. Short-term option traders show unwinding pessimism which could support further price increase. 5. MU's options are reasonably priced, with low volatility expectations.