On Tuesday, Micron Technology hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 78 the day before.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves.
Micron Technology is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could launch a new move.
Earnings growth picked up last quarter from 0% to 271%. But revenue gains fell from 84% to 38%. Look for the next report on or around Jun. 25.
Micron Technology earns the No. 3 rank among its peers in the Computer Software-Storage industry group. Seagate Technology is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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