When putting together your watch list, look for stocks with an 80 or higher RS Rating. Micron Technology just cleared that benchmark with an upgrade from 78 to 82.
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of at least 80 as they begin their biggest climbs.
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While now is not an ideal time to jump in, see if the stock is able to offer and clear an appropriate buy point.
Micron Technology posted 0% EPS growth in its most recent report, while sales growth came in at 93%.
Micron Technology earns the No. 2 rank among its peers in the Computer Software-Storage industry group. Western Digital is the No. 1-ranked stock within the group.
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