Micron Technology Stock Sees RS Rating Jump To 85
The RS Rating is a key indicator of a stock's price performance.The stock has seen rising RS Ratings in 3 of the past 4 weeks.The Relative Strength (RS) Rating for Micron Technology (MU) climbed into new territory Friday, with an improvement from 74 to 85. This exclusive rating from Investor's Busi
Micron Technology's (MU) stock has seen a positive change in its Relative strength (RS) rating on Friday. It went from 74 up to 85.
Keep an eye on the relative strength of prices when looking for stocks to watch and buy.
Investor's Business Daily has created an exclusive score that identifies the market leaders. The range is from 1 (worst), to 99 (best). This score compares a stock's performance in the past 52 weeks to all other stocks within our database.
In the early stages, the most successful stocks have RS Ratings north of 80.
Micron Technology stock: Is it a good buy?
Micron Technology's stock is trading above both its 50-day and 200-day moving averges, which is good news. Data storage is not showing an entry point. Watch to see if there is a consolidation in the data storage stocks that could lead to a new rally. You can read "Looking For The Next Big Stock Market Winners?" For more information, read "Start With These Three Steps".
In its latest report, the data storage company reported a 0% growth in earnings. Revenue grew by -53%.
Micron Technology is ranked No. 5 among its peers in the Computer Software-Storage industry group. Micron Technology is ranked No. 5 among peers in the Computer Software-Storage Industry Group. SMART Global Holdings and NetApp are also amongst the highest-rated stocks in the group.