Micron Technology saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 78 to 81.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Micron Technology broke out earlier, but has fallen back below the prior 70.50 entry from a double bottom. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. That has not happened yet, although it came close. It is currently trying to retake the entry point.
Micron Technology posted 0% earnings growth in the latest quarterly report. Sales rose -57%. The next earnings report is not until late September.
The company earns the No. 6 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.
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