Micron Technology (MU) Shares are Up 3.99%

Micron Technology (MU) : Traders are bullish on Micron Technology (MU) as it has outperformed the S&P 500 by a wide margin of 9.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.43%, 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 3.99% in the last 1 week, and is up 7.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 5.05% and the 50-Day Moving Average is 16.84%.The 200 Day SMA reached 39.02% Micron Technology, Inc. is up 43.28% in the last 3-month period. Year-to-Date the stock performance stands at 23.45%.


Micron Technology (MU) : Currently there are 13 street experts covering Micron Technology (MU) stock. The most bullish and bearish price target for the stock is $20 and $8 respectively for the short term. The average price target of all the analysts comes to $16.92. The estimated standard deviation from the target is $4.44.

For the current week, the company shares have a recommendation consensus of Buy. Micron Technology (NASDAQ:MU): The stock opened at $18.08 and touched an intraday high of $18.08 on Friday. During the day, the stock corrected to an intraday low of $17.34, however, the bulls stepped in and pushed the price higher to close in the green at $17.48 with a gain of 0.17% for the day. The total traded volume for the day was 37,447,381. The stock had closed at $17.45 in the previous trading session.

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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