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Micron draws bulls despite decline
November 20, 2009 Fri 10:10 AM CT

Micron Technologies is down more than 20 percent from its high of only a month ago, but today's option trading is overwhelmingly bullish.

MU ChartThe memory-chip maker is down another 1 percent today to trade at 7.04. MU peaked at a 52-week high of $9.13 on Oct. 12 before falling near $6.12 just three weeks later. After the most recent rally that area should now be support as the price dives again.

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