Micron technology stock price in recent trading

In recent trading, Micron Technology stock price held above its 50-day moving average, signaling institutional accumulation. RSI levels remain in neutral territory, leaving room for further gains. Expanding Solar Market and Product Launches Aid Enphase Energy (ENPH) Per the Zacks analyst, Enphase Energy is set to gain from the expanding solar market, with new product launches expected to further enhance its growth. Micron Technology MU: This company which has established itself as one of the leading worldwide providers of semiconductor memory solutions, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 35.1% over the last 60 days. Today, Micron Technology stock price opened stronger, buoyed by reports of expanding NAND flash shipments. Analysts project double-digit year-over-year earnings growth for FY2024, favoring the semiconductor growth cycle.