Micron Technology, Inc. MU shares are trading higher by $0.38 (3.5 percent) at $12.70 in Tuesday's session. It's now trading higher for the ninth day in a row. Over that course of time, it has rallied from its May 17 close ($9.67) to its current high for the day at $12.78.
In addition to its price action catching trader's attention, Baird provided another upside catalyst when it upgraded the issue from Neutral to Outperform in spite of the big move the issue already made.
Micron hasn't traded in the $13 handle since January 12, when it peaked at $13.24. The low for recent slide ($9.35) coincided nicely with its January 20 low $9.31.
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