Super Micro Computer Price Levels to Watch as Stock’s Slump Accelerates
Key Takeaways
- Super Micro Computer shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its quarterly results.
- The stock’s sell-off has continued after breaking down below a descending broadening wedge pattern late last month on above-average volume.
- Investors should watch important support levels on Super Micro’s chart around $17 and $12, while keeping an eye on key resistance levels near $23 and $30.
Super Micro Computer (SMCI) shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its fiscal first-quarter financial…
