Bearish Moving Average Cross by Super Micro Computer (SMCI)
Super Micro Computer (NASDAQ:SMCI) crossed under its 10-day moving average of $27.99 on a volume of 262K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Super Micro Computer have traded between a low of $21.25 and a high of $35.51 and are now at $26.67, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has risen 0.2%.
SmarTrend is monitoring the recent change of momentum in Super Micro Computer. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Super Micro Computer in search of a potential trend change.
Keywords: moving crosses super micro computer