Tag: Upside

Analyst Says Micron Technology Stock Now Has 20% Upside

Are Micron Technology (NASDAQ:MU) shares about to rise by nearly 20%? Analyst Sidney Ho of Deutsche Bank thinks so; he upgraded his recommendation on the stock from neutral to buy, with a $60 per share price target (the company’s most recent closing level was $50.68).

Ho believes that while the market for the DRAM, or dynamic random access memory, chips that the company specializes in will hit a low in the fourth quarter of this year, a rebound is in store. In his view, recent data indicate that demand for such products has risen in both the mobile and PC server segments. This should result in price increases in Q1 of next year.

Detail of a circuit board.

Image source: Getty Images.

Micron’s business has suffered lately because of two factors. The first is the coronavirus pandemic. As with other businesses throughout the global economy, the company has been badly affected by softening demand from

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XRP bears rear ugly heads, upside bias losing momentum?

  • XRP/USD returns to the red as bias turns bearish in the near-term.
  • Rising wedge breakdown confirmed on the hourly chart.
  • Bulls still insist amid falling channel breakout on daily sticks.

Ripple (XRP/USD) appears to have faded its five-day winning momentum this Sunday, as the bulls are giving into the bears’ fighting spirit.

XRP/USD: Hourly chart

A rising wedge breakdown confirmed on the hourly chart early Sunday, suggests more room to the downside. The price has managed to hold onto the 50-hourly moving average (HMA) at 0.2544 following a breach of the 0.2564 pattern support. The next support line awaits at the 100-HMA at 0.2512.

Any rebound is likely to be tested by the bearish 21-HMA at 0.2561, above which the 0.2580 level, the previous rising trendline support now resistance, will come into play. The hourly Relative Strength Index (RSI) has turned flat at the midline, suggesting a lack of clear

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4 Goldman Sachs Tech and Gaming Stock Picks Under $10 With Huge Upside Potential

While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it’s pretty hard to get any decent share count leverage.

Many investors, especially more aggressive traders, look at lower-priced stocks as a way to not only make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.



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Goldman Sachs is the premier investment bank in the world, so we screened the firm’s outstanding research database and found five stocks

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Short-term technical bias looks tilted to the upside

  • EUR/USD ends the day virtually unchanged, extends rangebound trade.
  • ECB Monetary Policy Meeting Accounts failed to inspire directional moves in EUR/USD
  • Key resistance to overcome is seen at the 1.1800 area.

The EUR/USD pair is closing Thursday around 1.1750, virtually unchanged after oscillating between a low of 1.1732 and a high of 1.1781, unable to set a directional short-term bias as markets alternate cautious optimism and a slight recovery of the US dollar. Investors’ attention remains focused on the US stimulus aid package negotiations and the upcoming presidential elections. 

On Thursday, the European Central Bank released the ECB Monetary Policy Meeting Accounts, which showed that rate cuts and adjustments to the TLTROs conditions remain a possibility. The Accounts also showed that the recent appreciation of the euro was noticed by the Governing Council. In fact, the higher exchange rate was behind the revision lower in the inflation outlook published in

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Future Trends in Robotics Should Translate to More Upside for “UBOT”

The robotics industry has proven its mettle amid the Covid-19 pandemic with machines taking the place of humans in order to stave off further infections from the virus. That said, a recent Robotics & Automation News article identified additional trends that can only further the expansion of the robotics industry–good news for ETFs like the Robotics & AI Bull 3X ETF (NYSEArca: UBOT).

“The robotics industry is one that has been evolving and growing over recent years,” the article noted. “New developments in the industry have allowed both individuals and larger corporations to perform certain tasks in a much more efficient way.”

Among the trends identified include companies teaming up, large acquisitions, scaling up inventory in retail, and reduced debates on the types of robots used for specific applications.

“This industry is set to become extremely profitable as more companies realise that they could use robots within their organisation,”

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7 Cheap Tech Stocks With Big Upside

Analysts believe these seven tech stocks are currently cheap.

While the market has whipsawed up and down over the course of 2020, tech stocks have steadily climbed to new highs. It makes sense that companies that rely on internet connections and cloud technology rather than brick-and-mortar locations have done particularly well this year, and as the pandemic continues to keep people at home, these tech companies should continue to thrive. While many big names in the technology sector have hit all-time highs, there are still plenty of tech stocks with major upside left. This is especially true for companies helping businesses continue operations via the cloud, keeping consumers connected or manufacturing communications technology — all essential services during the pandemic. Analysts believe the following names are seven cheap tech stocks with huge upside going forward.

Box (ticker: BOX)

Companies around the world have been forced to figure out remote work

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This technical indicator just hit record highs, suggesting more upside ahead for the S&P 500

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020.
  • The advance/decline line of the S&P 500, a widely followed technical analysis indicator that measures market breadth, just hit all-time highs.
  • The record high in the advance/decline line is bullish for stocks and suggests that there is more upside ahead for the S&P 500.
  • The surge in the advance/decline line “supports our bullish market outlook,” Fundstrat’s Robert Sluymer said in a note on Tuesday.
  • Visit Business Insider’s homepage for more stories.

A technical indicator that measures internal market strength just flashed a bullish signal, suggesting more upside ahead for stocks.

The advance/decline line of the S&P 500 index hit all-time highs on Monday, setting up a positive divergence between a rising A/D line and the S&P 500 trading below its September 2 high.

The A/D

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Consolidates under 50-day SMA; upside risks remain

EURUSD is resting on the 1.1707 level, that being the 23.6% Fibonacci retracement of the up leg from 1.0726 to 1.2010, capped by the mid-Bollinger band. The simple moving averages (SMAs) command a bullish tone while the short-term oscillators convey mixed signals in directional momentum.

The MACD and the RSI are transmitting a slight improvement in the pair with the MACD, in the negative region, pushing above its red trigger line and the RSI attempting to break above the 50 threshold. However, the stochastic oscillator has shifted negative, flashing further weakening in the price.

To the downside, immediate support may occur from the 23.6% Fibo of 1.1707 ahead of a key trough at 1.1612, where the lower Bollinger band is also located. A dive past this may then be challenged by the 100-day SMA, currently at 1.1534 and the adjacent limiting section from the 38.2% Fibo of 1.1519 until the

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Strong Upside Potential For Western Digital Stock?

We believe Western Digital stock (NASDAQ: WDC) has the potential for strong gains once fears surrounding the Covid outbreak are put to rest. Western Digital trades at $36 currently and has lost 41% in value so far this year. Further, it traded at a pre-Covid high of $69 in February, and currently trades at around 47% lower than that level. Despite the pandemic, WDC’s full year 2020 results (fiscal year ending June) saw revenue come in at $16.7 billion vs $16.6 billion in 2019. A drop in SG&A expenses saw net loss

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Rekindles positive sentiment; confronts heavy upside obstacle

AUDUSD is encountering tough resistance at the 0.7192 mark after bouncing off the lower band of the cloud that merged with the 100-day simple moving average (SMA), around 0.7005. This fortified barrier coincides with the ceiling of the cloud and is encapsulated by the flattened Ichimoku lines. Nonetheless, the governing tone of the 50-and 100-day SMAs continues to aid the bullish structure.

The short-term oscillators also reflect the pickup in positive momentum. The climbing RSI has reached its neutral threshold, while the rising stochastic %K line has pierced into overbought territory, endorsing additional advances. The MACD, in the negative region, holds slightly below its red trigger line but looks set to return back above it.

To the upside, if buyers manage to jump above the cloud and the adjacent 50-day SMA, fused with the blue Kijun-sen line at 0.7211, the price may shoot for the 0.7344 high. Another leg up

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