Back to top

Tale of the Tape

Zacks Equity Research

Micron Technology (MU) Jumps: Stock Rises 9.9%
January 09, 2014


Trades from $3
Micron Technology Inc. (MU - Analyst Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.67 to $23.14 in the past one-month time frame.

The company has seen four positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, 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 yeaterday’s jump can turn into more strength down the road.

Micron Technology currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Some better-ranked stocks in the computer and technology sector include Spansion Inc. (), Coherent Inc. ((COHR - Snapshot Report) ) and Bitauto Holdings Ltd. ((BITA - Snapshot Report) ). All these sport a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>