Micron Stock Forecast: Micron (MU) Shares Show Consistent Algorithm Results
This article was written by Esther Hanon, a Financial Analyst at I Know First
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination”
—Jimmy Dean
Summary:
- Memory-chip maker Micron Technology continued its skyward climb, following a breakout last week
- Micron shares jumped 8.8% to close at 59.37 on the stock market on Monday, March 12 Micron stock broke out of a 14-week consolidation period with a buy point of 49.99 on March 5th.
- Analysts are maintaining its outperform rating while many others are shifting towards a buy rating in the recent days.
- Catalysts for Micron stock include higher DRAM chip pricing, margin expansion in NAND chips, and expectations for increased capital returns. Micron can also be an acquisition target as chip-industry merger activity intensifies.
Read The Full Premium Article
