Micron Technology, Inc. (NASDAQ:MU) shares are trading higher Wednesday. Keybanc maintained an Overweight rating on the stock and raised its price target from $160 to $165 on Tuesday.
What To Know:
Micron shares are up more than 50% year-to-date as the AI rally marches on. Micron produces memory chips needed for GPU-enabled artificial intelligence servers, which are currently in high demand from data centers and generative AI applications.
Not all analysts see the AI-fueled rally continuing at the same pace, however. On Monday, Citigroup analyst Drew Pettit expressed skepticism about the ability of chipmakers to continue to deliver large gains and advised investors to take profits and diversify across the AI value chain.
"We continue to suggest investors take profits in AI highfliers," Pettit wrote.
According to data from Benzinga Pro, Micron shares are trading above the stock's 50-day moving average of $129.40 and are approaching its 52-week high of $157.53 achieved at the end of June.
MU Stock Predicition 2024:
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Micron Technology, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Micron Technology, the 200-day moving average sits at $97.38, according to Benzinga Pro, which is below the current price of $134.35. For more on charts and trend lines, see a description here.
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
MU Price Action: According to Benzinga Pro, Micron Technology shares are up 3.03% at $135.11 at the time of publication Wednesday.
Read Also:
- What's Going On With Nikola Stock?
Image: Shutterstock
美光科技公司（納斯達克股票代碼：MU）股價週三上漲。週二，Keybanc維持對該股的增持評級，並將目標股價從160美元上調至165美元。
要知道什麼：
隨着人工智能漲勢的推進，美光股價今年迄今已上漲50％以上。美光生產支持 GPU 的人工智能服務器所需的存儲芯片，目前數據中心和生成式 AI 應用程序對這些服務器的需求量很大。
但是，並非所有分析師都認爲人工智能推動的漲勢將以同樣的速度繼續。週一，花旗集團分析師德魯·佩蒂特對芯片製造商繼續實現巨額收益的能力表示懷疑，並建議投資者獲利並在整個人工智能價值鏈中實現多元化。
佩蒂特寫道：“我們繼續建議投資者從人工智能高手中獲利。”
根據Benzinga Pro的數據，美光股價的交易價格高於該股的50天移動平均線129.40美元，接近6月底創下的52周高點157.53美元。
2024 年 MU 股票預測：
華爾街內外的股票研究分析師通常使用收益增長和基礎研究作爲估值和預測的一種形式。但是，許多交易者將技術分析作爲形成股價走勢預測模型的一種方式。
一些投資者通過趨勢來幫助預測他們認爲股票在未來某個時刻的交易走向。從美光科技來看，投資者可以使用移動平均線和趨勢線對股票的長期前景進行評估。如果他們認爲股票將保持在移動平均線上方（許多人認爲這是一個看漲信號），他們可以使用趨勢線將這種趨勢推斷到未來。根據Benzinga Pro的數據，美光科技的200天移動平均線爲97.38美元，低於當前的134.35美元。有關圖表和趨勢線的更多信息，請參閱此處的描述。
交易者認爲，當股票高於其移動平均線時，這是一個普遍看漲的信號，而當它跌破移動平均線時，則是一個更加消極的信號。投資者可以使用趨勢線做出有根據的猜測，如果情況保持穩定，股票以後可以在哪裏交易。
MU價格走勢：根據Benzinga Pro的數據，美光科技股價在週三發佈時上漲3.03％，至135.11美元。
另請閱讀：
圖片：Shutterstock
