Industry: Emerging Memory Players

April 10, 2023, 5:28 pm EDT

Emerging Memory Players

Overall stock markets kept their low-profile actions today as the past week. Volumes were low and price variations also stayed at minimum. 

However, today memory players geared up significantly so it could be worth of attention:

  • Western Digital Corp (WDC): +8%
  • Micron Technology Inc (MU): +8%
  • Seagate Technology Holdings Plc (STX) +3%

Particularly, Micron (MU) seemed to be ready to challenge its 9-months resistance at 65. Once it breaks, it could begin its rally. We are watching for it. 

Otherwise, the stock markets are trying to digest the impact of inflation against economic slowdown. Overall market conditions are still shaky so market participants should be aware of it even though there are some emerging stocks like memory stocks mentioned here. 

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