Release

Today’s Research Reports on Trending Tickers: Advanced Micro Devices and Micron Technology

Wall Street closed up on Thursday as upbeat economic data and strong corporate earnings helped buoy equities. Unemployment dropped by 3000 to a seasonally adjusted level of 201,000 last week, its lowest since November 1969. The Dow Jones Industrial Average gained 0.95 percent to close at 26,656.98, while the S&P 500 Index hiked 0.78 percent to close at 2,930.75. The Nasdaq Composite Index increased 0.98 percent to close at 8,028.23.

According to Paul Brigandi, managing director and head of trading for Direxion, “Fundamentally and technically, the market is really strong right now. Corporate earnings have been good, and economic data has been really good. At the same time, there’s a sense that China’s most recent trade retaliation wasn’t as severe as expected, which led to some optimism and relief that the situation may not turn into a full-blown trade war.”

RDI Initiates Coverage on:

Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

Advanced Micro Devices’ stock moved 0.1% lower Thursday, to close the day at $31.18. The stock recorded a trading volume of 121,808,146 shares, which was above its three months average volume of 100,369,870 shares. In the last year, Advanced Micro Devices’ shares have traded in a range of 9.04 – 34.14. The share price has gained 244.91% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $24.20 is above its 200-day moving average of $16.01. Shares of the company are trading at a Price to Earnings ratio of 107.89. Shares of Advanced Micro Devices have gained roughly 56.06 percent in the past month and are up 203.31 percent year-to-date.

Access RDI’s Advanced Micro Devices, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD

On Thursday, shares of Micron Technology recorded a trading volume of 75,144,122 shares, which was above the three months average volume of 37,607,700 shares. The stock ended the day 2.22% higher at $46.06. The share price has fallen 28.77% from its 52 week high with a 52 week trading range of 34.09 – 64.66. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $49.09 is below its 200-day moving average of $53.23. Shares of the company are trading at a Price to Earnings ratio of 4.62. Shares of Micron Technology have fallen roughly 4.18 percent in the past month and are up 12.01 percent year-to-date.

Access RDI’s Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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