Micron Technology stock had its Relative Strength (RS) Rating upgraded from 68 to 77 Monday -- a welcome improvement, but still below the 80 or higher score you prefer to see.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Micron Technology stock can continue to show renewed price strength and clear that threshold.
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Is Micron Technology Stock A Buy?
While now is not an ideal time to invest in Micron Technology stock, see if this data storage stock is able to form a chart pattern and break out. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The data storage firm showed 0% EPS growth last quarter, while sales growth came in at -53%.
Micron Technology stock holds the No. 2 rank among its peers in the Computer Software-Storage industry group. Micron Technology and NetApp are also among the group's highest-rated stocks.
