A three barrier resonant tunneling structure in which the two quantum wells are formed by a magnetic semiconductor is theoretically investigated. Self-consistent numerical simulations of the structure predict giant magnetocurrent in the resonant bias regime as well as significant current spin polarization for a considerable range of applied biases. The requirements for large magnetocurrent are spin resolved resonance levels as well as asymmetry ͑spatial or magnetic͒ of the coupled quantum wells. © 2006 American Institute of Physics. ͓DOI: 10.1063/1.2402878͔Semiconductor spintronics offers additional functionalities to the existing electronics technology by combining charge and spin properties of the current carriers. 1 Spin dependent resonant tunneling in double barrier heterostructures has been investigated both experimentally and theoretically with a magnetic quantum well ͑QW͒ made of semimetallic ErAs ͑Refs. 2 and 3͒ or dilute magnetic semiconductors ͑DMSs͒ such as GaMnAs ͑Refs. 4-9͒ or ZnMnSe ͑Refs. 10 and 11͒. Such diodes have been used as spin filters or spin detectors and effective injection of spin-polarized electrons into semiconductors has been demonstrated by employing interband tunneling devices based on GaMnSb. 12,13 A theoretical investigation of resonant tunneling through a nonmagnetic double barrier structure, e.g., AlAs/ GaAs/ AlAs, sandwiched between two bulk ferromagnetic DMSs, e.g., GaMnAs, shows a tremendous enhancement of the tunneling magnetoresistance ͑TMR͒ for low voltages if the thickness of the QW is properly tuned. 14 The effect has been demonstrated to be as high as 10 000% for generic parabolic bands and when including a more realistic kp band structure model still very high TMRs of about 800% have been obtained. 14 Such structures have already been grown and studied experimentally. 4,15,16 Here we propose to use magnetic resonant tunneling diodes ͑RTDs͒ comprising coupled magnetic QWs and three nonmagnetic barriers, as spintronic devices offering large magnetocurrents ͑MCs͒. Corresponding nonmagnetic three barrier structures have been experimentally studied, [17][18][19][20] while electric field domain formation in magnetic multiple QWs was theoretically investigated in Ref. 21. The magnetic three barrier structure allows to establish parallel ͑P͒ and antiparallel ͑AP͒ magnetization configurations and to observe MC. The QWs are assumed to be made of ferromagnetic semiconductors. 5,22 We consider here generic parabolic n-type ferromagnetic QWs, though one expects to observe similar effects in coupled p-type ferromagnetic QWs. Several suitable n-type ferromagnetic semiconductors have been reported: 1 HgCr 2 Se 4 , 23 CdCr 2 Se 4 , 24 CdMnGeP 2 , 25 or most promising ZnO and GaMnN; 22,27 the latter two are believed to exhibit room temperature ͑RT͒ ferromagnetism. To be specific we perform our numerical simulations for GaMnNbased structures.However, it is still controversial if the reported RT ferromagnetism in transition metal doped GaN and ZnO is due to non-resolved precipitates or n...