Micron (MU) Is Up 10.28% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Micron (MU) - Micron currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - Over the past week, Micron's shares have increased by 10.28%, while the Zacks Computer - Integrated Systems industry remained flat [6] - In the last month, Micron's stock price has risen by 28.24%, significantly outperforming the industry's 4.12% [6] - Over the past quarter, Micron shares have surged by 69.08%, and they have increased by 195.07% over the last year, compared to the S&P 500's gains of 2.85% and 17.84%, respectively [7] Trading Volume - Micron's average 20-day trading volume is 25,257,884 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 7 earnings estimates for Micron have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $16.22 to $21.90 [10] - For the next fiscal year, 4 estimates have also moved upwards with no downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Micron is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option for the near term [12]