NEW YORK, NY / ACCESSWIRE / August 22, 2017 / Declines by the tech and energy sectors applied some downward pressure on the markets Monday limiting gains. The Dow Jones Industrial Average gained 0.13 percent to close at 21,703.75, while the S&P 500 Index increased 0.12 percent to close at 2,428.37. The tech-heavy NASDAQ Composite Index declined 0.05 percent to close at 6,213.13, its third consecutive daily decline. Investors also appeared to be cautious with the geopolitical events last week.

"We have a few geopolitical issues hanging over the market despite a quiet weekend," said Quincy Krosby, Chief Market Strategist at Prudential Financial. "While the war games are nothing new, they will have more importance because of everything that's happened with North Korea."

RDI Initiates Coverage on:

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

Applied Optoelectronics Inc.
https://rdinvesting.com/news/?ticker=AAOI

Micron Technology Inc.'s stock moved 2.70% lower Monday, to close the day at $29.56. The stock recorded a trading volume of 26,247,654 shares, which was below its three months average volume of 29,348,600 shares. In the last year, Micron Technology Inc.'s shares have traded in a range of 15.38 - 32.96. The share price has gained 92.20% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $29.94 is greater than its 200-day moving average of $28.29. Shares of Micron Technology Inc. are trading at a Price to Earnings ratio of 12.98. Shares of Micron Technology have gained approximately 34.85 percent year-to-date.

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

On Monday, shares in Applied Optoelectronics Inc. recorded a trading volume of 3,114,163 shares, which was below the three months average volume of 3,849,010 shares. The stock ended the day 5.46% lower at 60.60. The share price has gained 341.05% from its 52 week low with a 52 week trading range of 13.74 - 103.41.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $78.25 is greater than its 200-day moving average of $59.74. Shares of Applied Optoelectronics Inc. are trading at a Price to Earnings ratio of 14.40. Shares of Applied Optoelectronics have gained approximately 158.53 percent year-to-date.

Access RDI's Applied Optoelectronics Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAOI

Our Actionable Research on Micron Technology Inc. (NASDAQ:MU) and Applied Optoelectronics Inc. (NASDAQ:AAOI) can be downloaded free of charge at Research Driven Investing.

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