NEW YORK, NY / ACCESSWIRE / April 4, 2018 / U.S. markets rallied Tuesday as technology sector regained some ground after experiencing a sharp sell off to start the week. On Monday, the S&P 500 closed below its 200-day moving average, the first time since the Brexit vote in June 2016. The Dow Jones Industrial Average gained 1.65 percent to close at 24,033.36, while the S&P 500 Index jumped 1.26 percent to close at 2,614.45. The tech-heavy Nasdaq Composite Index rebounded 1.04 percent to close at 6,941.28.

"This is still a market trading on fear instead of fundamentals and on tweets instead of technicals, which has made it frustratingly difficult to figure out where we're headed in the near term," said Andrew Adams, an investment strategist at Raymond James, according to MarketWatch. "There's just not much positive news to help balance out the daily onslaught of fear-producing headlines about trade wars and tech crises, especially since we are currently in between earnings seasons."

RDI Initiates Coverage on:

Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD

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

Advanced Micro Devices' stock edged 0.21% higher Tuesday, to close the day at $9.55. The stock recorded a trading volume of 54,891,576 shares, which was below its three months average volume of 63,019,877 shares. In the last year, Advanced Micro Devices' shares have traded in a range of 9.30 - 15.65. The stock is currently trading 38.98% below its 52 week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $11.42 is below its 200-day moving average of $11.83. Shares of Advanced Micro Devices' are trading at a Price to Earnings ratio of 238.75. Shares of Advanced Micro Devices have fallen roughly 19.14 percent in the past month and are down 7.10 percent year-to-date.

Access RDI's Advanced Micro Devices, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD

On Tuesday, shares of Micron Technology recorded a trading volume of 52,436,387 shares, which was below the three months average volume of 53,032,255 shares. The stock ended the day 2.98% higher at 51.55. The share price has gained 95.56% from its 52-week low with a 52-week trading range of 26.36 - 63.42. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $51.85 is greater than its 200-day moving average of $44.71. Shares of Micron Technology are trading at a Price to Earnings ratio of 8.06. Shares of Micron Technology have gained roughly 4.97 percent in the past month and are up 25.36 percent year-to-date.

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

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU) can be downloaded free of charge at Research Driven Investing.

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.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com