Micron Technology had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday -- a welcome improvement, but still below the 80 or better score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Micron Technology stock can continue to show renewed price strength and hit that benchmark.
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Is Micron Technology Stock A Buy?
Micron Technology stock is trying to complete a consolidation with a 74.77 buy point. See if the stock can break out in volume at least 40% higher than normal.
The data storage firm showed 0% EPS growth in its most recent report. Revenue increased -57%.
Micron Technology stock holds the No. 5 rank among its peers in the Computer Software-Storage industry group. NetApp and SMART Global Holdings are also among the group's highest-rated stocks.
