Today’s Research Reports on Trending Tickers: Micron Technology and NVIDIA

NEW YORK, NY / ACCESSWIRE / April 10, 2018 / U.S. markets rallied in early trading Monday on the strength of technology stocks and the easing of trade relations between the U.S. and China. However, most of the day’s gains were lost in the final minutes of trading following news that FBI raided President Trump’s personal lawyer’s office. The Dow Jones Industrial Average gained 0.19 percent to close at 23,979.10, while the S&P 500 Index rose 0.33 percent to close at 2,613.16. The tech-heavy Nasdaq Composite Index jumped 0.51 percent to close at 6,950.34. All of the FANG (Facebook, Amazon, Netflix and Google’s parent company Alphabet) saw gains of over 1.0 percent.

“Right now, investors are learning how Trump operates in negotiating. He made an initial stance, trying to get the other side to cave in a bit, but recent commentary toward China has been more reserved and friendly, which is why we’re higher today,” said Sam Stovall, chief investment strategist of U.S. equity strategy at CFRA, according to CNBC.

RDI Initiates Coverage on:

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

NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA

Micron Technology’s stock moved 1.03% lower Monday, to close the day at $47.96. The stock recorded a trading volume of 50,532,861 shares, which was below its three months average volume of 54,771,603 shares. In the last year, Micron Technology’s shares have traded in a range of 26.36 – 63.42. The share price has gained 81.94% 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 $53.04 is greater than its 200-day moving average of $45.17. Shares of the company are trading at a Price to Earnings ratio of 7.50. Shares of Micron Technology have fallen roughly 12.15 percent in the past month and are up 16.63 percent year-to-date.

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

On Monday, shares of NVIDIA recorded a trading volume of 12,488,120 shares, which was below the three months average volume of 15,102,973 shares. The stock ended the day 0.54% higher at 215.41. The share price has gained 125.58% from its 52-week low with a 52-week trading range of 95.49 – 254.50. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $239.87 is greater than its 200-day moving average of $214.05. Shares of the company are trading at a Price to Earnings ratio of 44.69. Shares of NVIDIA have fallen roughly 12.20 percent in the past month and are up 11.32 percent year-to-date.

Access RDI’s NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA

Our Actionable Research on Micron Technology, Inc. (NASDAQ:MU) and NVIDIA Corporation (NASDAQ:NVDA) can be downloaded free of charge at Research Driven Investing.

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