Watch These Supermicro Price Levels as Stock Continues to Soar
Key Takeaways
- Supermicro shares surged more than 16% on Tuesday, extending an impressive rally that followed the server maker’s upbeat business update last week.
- The stock has seen follow-through buying on above-average volume after breaking out from a falling wedge pattern earlier this month.
- Investors should watch crucial overhead areas on Supermicro’s chart around $70 and $96, while also eyeing key support levels near $50 and $38.
Super Micro Computer (SMCI) shares will remain on watchlists after surging more than 16% on Tuesday, extending an impressive rally that followed the server maker’s upbeat business update last week.
Investors bid the stock up for a fourth consecutive trading session on Tuesday after the company…
