SMCI stock hits 2nd-highest overbought level ever on weekly chart

Less than a month after making an all-time high (ATH), the shares of Super Micro Computer Inc. (NASDAQ: SMCI) have again broken their price record, alongside flashing a signal that could flip that positive trend and turn it into a sell-off following the new ATH.As it happens, the SMCI stock has reached the second most overbought level in history on its weekly chart, in addition to still boasting the highest weekly relative strength index (RSI), according to the observations by analytics platform Barchart in ...