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Super Micro Computer Bearish Moving Average Crossover Alert (SMCI)

By Shiri Gupta

Today, shares of Super Micro Computer (NASDAQ:SMCI) have crossed bearishly below their 10-day moving average of $24.57 on a volume of 112K shares. This may provide swing traders with an opportunity 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 $18.60 and a high of $35.51 and are now at $24.42, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

SmarTrend is tracking the current trend status for Super Micro Computer and will alert subscribers who have SMCI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses super micro computer

Ticker(s): SMCI