In today’s Super Seasonals: Trade of the Week we will look at Super Micro Computer Inc (SMCI).
Super Micro Computer, Inc. engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.
Below are the seasonal snippets and daily chart for SMCI.
Over the past 3 weeks the stock has 4 daily Gap Up’s, which might be considered a bullish sign. The stock has sold off from about $100 per share, to about $20 per share. Maybe the stock tries to get half of the drop back and pushes toward the $60 area.
Below is a look at the past 5-10 years for the upcoming seasonal period. There’s been some fairly decent High Point moves.
As you likely know, there are literally dozens of solid ways to approach trading Super Micro Computer Inc (SMCI) with a bullish bias. The decision of how to best invest in the stock or trade the options is an individualized decision, unfortunately there is no one best way. Keep in mind that seasonality is about probabilities, not certainties. Please remember to fully understand the risk before trading anything. It’s recommended to do your own research and consider consulting with a financial advisor before investing in any stock or options trade.
To learn more about seasonal information on other solid opportunities, click here SuperSeasonals.
Trade Smart,
Chad Shirley
