This Week's Best Chip Stock Trade: Micron Technology
1. Micron Technology expected to benefit from the ongoing chip and AI rally. 2. MU's stock price shows slower growth compared to competitors, presenting trade opportunities. 3. Current resistance for MU stock is around $157; support near $95. 4. A leap covered call options strategy can provide a cushion against stock decline. 5. Traders advised to set alerts for breakeven price of $102.75.