Micron Technology Inc. (NASDAQ: MU) is amongst the major gainers on the NASDAQ in mid-day trading today. The stock is currently trading 1.70% higher at $6.28 on volume of 10.24 million. MU has now gained more than 6% in the last three trading sessions.
MU has been on an upward trajectory for the past two weeks. Prior to today’s gains, MU finished higher 5 of the 6 trading sessions. The stock is now approaching $6.6 resistance level. The stock could see a pullback once it reaches this level.
MU is a global manufacturer and marketer of semiconductor devices.
Starbucks Corp. (NASDAQ: SBUX), a seller of gourmet specialty coffees through co-owned retail outlets in Northwest and Midwest, is up sharply in mid-day trading today. The stock is currently trading 4.55% higher at $53.10 on volume of 9.9 million, which is well above the daily average volume of 8.43 million. SBUX is gaining momentum in trading today after the company on Wednesday unveiled accelerated global growth plans.
SBUX had finished lower in the previous three trading sessions. However, the stock has broken through $52, which has been a stiff resistance level. This is a bullish signal. The next resistance level for the stock will be at $54.
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