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Barchart
Barchart
Aditya Raghunath

This ‘Buy’ Signal for Super Micro Computer Stock Is Flashing Green Ahead of February 25

Super Micro Super Micro Computer SMCI

Super Micro Computer (SMCI) shares are flashing a key technical signal that could spell further upside ahead of the company’s crucial Feb. 25 filing deadline. The server maker’s stock more than doubled in February, putting it on track for its strongest monthly performance in nine months. The remarkable rally temporarily pushed its relative strength index (RSI) above 80, which is typically seen as an “overbought” indication.

However, analysts note this elevated RSI level has historically been more of a strength indicator than a warning sign for SMCI. According to a MarketWatch report, the last time SMCI’s RSI topped 80 in January 2024, shares climbed another 119.5% over the following 17 trading sessions.

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