NEW YORK, NY / ACCESSWIRE / September 4, 2018 / Major U.S. equities closed mostly higher on Friday and posted upbeat performance for the week. Market volatility source have been coming from U.S. and international trade partners, as the U.S. Trade Representative’s office said that “progress” in trade talks were “constructive” to revise the North American Free Trade Agreement. The Dow Jones Industrial Average was down 0.09 percent to close at 25,964.82, while the S&P 500 Index gained 0.01 percent to close at 2,901.52, both climbed 0.7 percent and 0.9 percent for the week, respectively. The Nasdaq Composite Index increased 0.26 percent to close at 8,109.54, up by 2.1 percent for the week.
RDI Initiates Coverage on:
Micron Technology, Inc.
Micron Technology's stock moved 0.45% lower Friday, to close the day at $52.52. The stock recorded a trading volume of 29,937,271 shares, which was below its three months average volume of 37,265,893 shares. In the last year, Micron Technology's shares have traded in a range of 31.65 - 64.66. The share price has gained 65.94% 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 $52.32 is below its 200-day moving average of $53.37. Shares of the company are trading at a Price to Earnings ratio of 5.27. Shares of Micron Technology have fallen roughly 1.65 percent in the past month and are up 27.72 percent year-to-date.
Access RDI's Micron Technology, Inc. Research Report at:
On Friday, shares of Broadcom recorded a trading volume of 1,980,040 shares, which was below the three months average volume of 4,970,331 shares. The stock ended the day 1.1% higher at $219.03. The share price has fallen 23.33% from its 52 week high with a 52 week trading range of 197.46 - 285.68. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $213.97 is below its 200-day moving average of $237.63. Shares of the company are trading at a Price to Earnings ratio of 8.26. Shares of Broadcom have fallen roughly 1.24 percent in the past month and are down 14.74 percent year-to-date.
Access RDI's Broadcom Inc. Research Report at:
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
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.
For any questions, inquiries, or comments reach out to us directly at:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.