Micron Technology had its Relative Strength (RS) Rating upgraded from 88 to 91 Wednesday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
While Micron Technology is not near a proper buy zone right now, see if it goes on to form and break out from a proper base.
While the company's top line growth fell last quarter from 84% to 38%, earnings-per-share grew 271%, up from 0% in the prior report. The next quarterly results are expected on or around Jun. 25.
The company holds the No. 1 rank among its peers in the Computer Software-Storage industry group. Seagate Technology and Western Digital are also among the group's highest-rated stocks.
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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