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Supermicro Stock Price Levels to Watch After Monday's Near-30% Surge

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Summary
Nutrition label

78% Informative

Super Micro Computer ( SMCI ) shares jumped nearly 30% Monday after the server maker announced that an independent review of its accounting practices found no wrongdoing.

The server maker has reclaimed the lower trendline of a descending broadening formation that has been in play since the stock topped out in early March .

Investors should watch key overhead areas on Supermicro 's weekly chart around $50, $64 , and $ 97 , while monitoring major support levels near $ 30 and $ 23 .

VR Score

74

Informative language

70

Neutral language

26

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

22

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