Micron Technology (MU) Shares are Up 1.6%

Micron Technology (MU) : Traders are bullish on Micron Technology (MU) as it has outperformed the S&P 500 by a wide margin of 20.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.27%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.6% in the last 1 week, and is up 20.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 10.86% and the fifty day Moving Average is 19.84%. Micron Technology, Inc. is up 34.12% in the last three month period. Year-to-Date the stock performance stands at 16.6%.

Micron Technology (MU) : The most positive equity analysts on Micron Technology (MU) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $15.13 with an expected fluctuation of $3.7 from the mean.


Micron Technology (NASDAQ:MU): stock turned positive on Friday. Though the stock opened at $16.34, the bulls momentum made the stock top out at $16.805 level for the day. The stock recorded a low of $16.285 and closed the trading day at $16.51, in the green by 1.91%. The total traded volume for the day was 24,243,670. The stock had closed at $16.2 in the previous days trading.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Companys global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU), which includes DRAM and NOR Flash products; Mobile Business Unit (MBU), which includes DRAM, NAND Flash and NOR Flash products; Storage Business Unit (SBU), which includes NAND Flash components and Solid-State Drives (SSDs), cloud and removable storage markets. SBU also includes NAND Flash products, and Embedded Business Unit (EBU), which includes DRAM, NAND Flash and NOR Flash products.

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