Micron Technology (MU) Jumps: Stock Adds 6.3% in Session - Tale of the Tape

By Zacks Equity Research,

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Micron Technology Inc. ( MU ) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up around 19% in the past one-month time frame.

This semiconductor company has seen one positive revision in the last one month and its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Micron Technology. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can turn into more strength down the road.

Micron Technology currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

In the Semi-Memory industry, SanDisk Corp. ( SNDK ) is worth considering with a Zacks Rank #1 (Strong Buy). Investors interested in the broader computer and technology sector may also consider Zacks Rank #1 stocks like Mindspeed Technologies Inc. ( MSPD ) and Pericom Semiconductor Corp. ( PSEM ).

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MINDSPEED TECH (MSPD): Free Stock Analysis Report

MICRON TECH (MU): Free Stock Analysis Report

PERICOM SEMICON (PSEM): Free Stock Analysis Report

SANDISK CORP (SNDK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: MSPD , MU , PSEM , SNDK

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