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Today's Research Reports on Trending Tickers: Micron Technology and Enphase Energy

NEW YORK, NY / ACCESSWIRE / August 15, 2018 / U.S. equities snapped losses on Tuesday, as panic over Turkey’s currency eased and market participants focused on upbeat corporate earnings and strong economic data. The NFIB’s (National Federation of Independent Business) small-business optimism index rose 0.7 points in July, its 2nd-highest level ever. The Dow Jones Industrial Average increased 0.45 percent to close at 25,299.92, while the S&P 500 Index gained 0.64 percent to close at 2,839.96. The Nasdaq Composite Index climbed 0.65 percent to close at 7,870.89.

“I think that you’re getting a bounce today because of the action of the past couple of days,” according to Robert Pavlik, chief investment strategist at SlateStone Wealth LLC. “But I wouldn’t be rushing into things because it has to play out,” Pavlik added.

RDI Initiates Coverage on:

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

Enphase Energy, Inc.
https://rdinvesting.com/news/?ticker=ENPH

Micron Technology's stock moved 1.4% lower Tuesday, to close the day at $50.62. The stock recorded a trading volume of 32,050,195 shares, which was below its three months average volume of 44,927,306 shares. In the last year, Micron Technology's shares have traded in a range of 29.14 - 64.66. The share price has gained 73.71% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $53.78 is above its 200-day moving average of $52.55. Shares of the company are trading at a Price to Earnings ratio of 5.08. Shares of Micron Technology have fallen roughly 10.17 percent in the past month and are up 23.1 percent year-to-date.

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

On Tuesday, shares of Enphase Energy recorded a trading volume of 4,345,211 shares, which was above the three months average volume of 3,916,021 shares. The stock ended the day 5.96% lower at $5.05. The share price has fallen 33.55% from its 52 week high with a 52 week trading range of 0.76 - 7.60. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $6.48 is above its 200-day moving average of $4.86. Shares of Enphase Energy have fallen roughly 28.27 percent in the past month and are up 109.54 percent year-to-date.

Access RDI's Enphase Energy, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ENPH

Our Actionable Research on Micron Technology, Inc. (NASDAQ : MU ) and Enphase Energy, Inc. (NASDAQ : ENPH ) 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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SOURCE: RDInvesting.com