Watch These Super Micro Computer Price Levels After Stock Surges 16%
Key Takeaways
- Shares in server maker Super Micro Computer soared 16% Monday after the company reported strong shipments of its GPUs, fueled by AI demand.
- Super Micro Computer shares formed two troughs at similar levels on the chart last month, raising the possibility of a double bottom, a classic chart pattern that signals a potential bullish reversal.
- Investors should watch key overhead price levels on Super Micro’s chart around $48, $70, and $97.50, while monitoring important longer-term support near $35.50.
Shares in server maker Super Micro Computer (SMCI) soared 16% Monday after the company reported strong shipments of its GPUs, fueled by artificial intelligence (AI) demand.
The company, whose stock recently underwent a 10-for-1…
