Supermicro Price Levels to Watch As Stock Soars Following Plan to Avoid Delisting
Key Takeaways
- Super Micro Computer shares jumped in premarket trading Tuesday after the beleaguered server maker said late Monday that it has appointed a new auditor and submitted a compliance plan with Nasdaq to meet its listing requirements.
- The relative strength indicator has moved out of oversold territory this week and sits poised to continue rising after Tuesday’s jump.
- Investors should monitor key overhead levels on Super Micro’s chart around $30, $39, and $64, while watching an important support area near $23.
Super Micro Computer (SMCI) shares soared in premarket trading Tuesday after the beleaguered server maker said that it has appointed a new auditor and submitted a compliance plan with Nasdaq to meet its listing…
