In a welcome move, Micron Technology stock saw its Relative Strength Rating improve from 69 to 75 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Micron Technology stock can continue to rebound and hit that benchmark.
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Is Micron Technology Stock A Buy?
Micron Technology stock is trading in a double-bottom pattern. While now is not an ideal time to invest, see if the data storage stock goes on to form a consolidation and break out.
The data storage firm posted 0% EPS growth last quarter, while sales growth came in at -57%.
Micron Technology stock 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.
