Micron Technology stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 74 to 85.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
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 last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Micron Technology Stock A Buy?
Micron Technology stock has been trading above its 50- and 200-day moving averages, which is a good sign. The data storage stock is not currently showing a potential entry point. See if the data storage stock goes on to form a promising consolidation that could spark a new run. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The data storage company showed 0% earnings growth in its most recent report. Revenue rose -53%.
Micron Technology stock earns the No. 5 rank among its peers in the Computer Software-Storage industry group. SMART Global Holdings and NetApp are also among the group's highest-rated stocks.
