Supermicro Stock Price Levels to Watch After Monday's Near-30% Surge

Key TakeawaysSupermicro shares jumped nearly 30% Monday after the server maker announced that an independent review of its accounting practices found no wrongdoing. The stock has reclaimed the lower trendline of a descending broadening formation that has been in play since the stock topped out in early March.Investors should watch key overhead areas on Supermicro's weekly chart around $50, $64, and $97, while monitoring major support levels near $30 and $23. Super Micro Computer (SMCI) shares jumped nearly ...