Supermicro Stock Has Gained 40% So Far This Week—These Are The Key Levels to Monitor
Key Takeaways
- Supermicro shares surged to their highest level since late February on Wednesday, boosted by a recent AI deal and bullish analyst commentary.
- The stock staged a decisive breakout above the upper trendline of a falling wedge pattern on Tuesday, with the price accelerating above the 200-day moving average in Wednesday’s trading session.
- Investors should watch key overhead areas on Supermicro’s chart around $50 and $63, while also monitoring support levels near $35 and $26.
Super Micro Computer (SMCI) shares surged to their highest level since late February on Wednesday, boosted by a recent AI deal and bullish analyst commentary.
The server maker announced a $20 billion partnership with Saudi Arabian data center company…
