Micron Technology stock had its Relative Strength (RS) Rating upgraded from 66 to 76 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of above 80 as they begin their largest price 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 recently reclaimed its 200-day moving average. While it's not currently an ideal time to jump in, see if the tech stock is able to form a consolidation and break out.
The computer data storage firm showed 0% EPS growth in the latest quarterly report, while sales growth came in at 93%.
Micron Technology stock earns the No. 4 rank among its peers in the Computer Software-Storage industry group. NetApp is the No. 1-ranked stock within the group.
