Stock Of The Day – Is The Super Micro Computer Selloff Finally Over?

Super Micro Computer, Inc. (NASDAQ:SMCI) is trading lower Tuesday. But there is a chance the recent selloff may be over. As you can see on the chart, it has reached a level that has been a support before.Super Micro is our Stock of the Day. Shares can reverse and rally after dropping to support and that could happen here.In January 2025, it trended lower until it reached levels around $27.75. When this happened, the selling ended and Super Micro traded higher.Stocks can rally off support levels because of i ...