Super Micro Stock Soars On Nasdaq Compliance, But Can The Rally Hold?

Super Micro Computer Inc. SMCI just dodged a major bullet, and Wall Street is cheering. The artificial intelligence-focused server maker skyrocketed over 26% in premarket trading on Wednesday after announcing it had regained compliance with Nasdaq's filing requirements. But while the delisting threat is off the table, technical signals suggest the rally might not be smooth sailing. Chart created using Benzinga ProSMCI Stock Moderately Bullish, But Selling Pressure Spells CautionSMCI's stock has been on a wi ...