SMCI clears advanced pivot within 1st stage double bottomSMCI was one of our favorite picks from the free excerpt of the Ready List this weekend. Of the 38 setups in primary bases this weekend, SMCI was ranked #20 overall with a Stock Evaluation Guide score if 8.75. Today it broke out from the advanced pivot at 34.46 on heavy volume and closed near the top of its trading range. From here, for the move to continue smoothly we’ll want to see it hold 33. All of the major moving averages (10, 21, 50, and 200) are all clustered around this area.
SMCI appeared as one of the top 3 Gainers on heavy volume today on ChartYourTrade.com To see the others we've analyzed, click here: chartyourtrade.com
