Time for Investors to Take the Plunge on Micron Technology, Inc. (NASDAQ:MU)

Equity Research firms currently have a positive stance on shares of Micron Technology, Inc. (NASDAQ:MU). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $18.71 on a short term basis.

At the time of writing, the stock was trading at $17.69. This represents a change from the opening price of -1.37%. In terms of performance, year to date, the stock is 25.21%. The monthly stock performance comes in at 6.55%. For the quarter, shares are performing at 48.87%. Weekly performance analysis shows the equity at 2.13%.

In taking a look at technical levels, shares are trading 10.44% away from the 50 day simple moving average and 38.96% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -8.32% away from it’s 52- week high and 90.06% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Micron Technology, Inc.’s RSI stands at 59.96. In looking at volatility levels, the shares saw weekly volatility of 3.46% and 3.56% over the past month.

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