Micron's up 43 percent this year and has more room to run: Strategist [CNBC]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations:
investors.micron.com
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Source: CNBC
After Micron Technology 's explosive start to the year, investors may be wondering whether the semiconductor company has any more energy in its rally. The charts suggest it does, according to one market watcher. It could still have some more upside, Matt Maley , equity strategist at Miller Tabak, said on CNBC's Trading Nation on Tuesday. We were kind of pounding the table on this stock when it broke above $50, and it's up 20 percent since then. Micron Technology moved above $50 in early March for the first time since September 2000. Its shares are now 44 percent higher for the year, far higher than the S&P 500 's 2 percent increase and the XLK technology ETF 's 8 percent advance. When the stock came back down in March and April, it made a very nice higher low. Now it's moving back up and trying to make a higher high above those highs we saw back in early March, said Maley. If it can do that it can have a lot more upside here at least on a technical basis.
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MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- MU's page on the SEC website