Super Micro Computer Stock Is Pushing Above Its 50-Day Moving Average. Should You Buy SMCI Here?

Super Micro Computer (SMCI) shares extended gains on Feb. 19, on the back of a dramatic surge in bullish options activity, signaling rising confidence in the artificial intelligence (AI) server firm. As derivatives traders flooded the tape with call orders, SMCI gapped up and reclaimed its 50-day moving average (MA), indicating bullish momentum may sustain in the near term. More News from Barchart Despite today’s rally, however, Supermicro stock remains down about 45% versus its October high. www.barc ...