Micron Technology Stock Sees RS Rating Jump To 85

Micron Technology (MU) stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 74 to 85.

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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.

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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 (SGH) and NetApp (NTAP) are also among the group’s highest-rated stocks.

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