Micron Technology Inc. (MU – Snapshot Report) 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.
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In the Semi-Memory industry, SanDisk Corp. (SNDK – Analyst Report) 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 – Snapshot Report) and Pericom Semiconductor Corp. (PSEM – Snapshot Report).
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