SMCI stock flashes ‘overbought' as RSI hits all-time high

With the shares of Super Micro Computer Inc. (NASDAQ: SMCI) reaching their record high, a technical analysis (TA) indicator has flashed a signal that might flip the positive trend, suggesting a possible sell-off might be on the horizon for the semiconductor stock.As it happens, it isn’t just the price of SMCI stock that has hit an all-time high (ATH), but also its 14-day relative strength index (RSI), which currently stands at 95.64, according to chart pattern observations shared by stock market analyst Bar ...