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SMCI trade ideas

Super Micro Computer (SMCI: NASDAQ)Super Micro Computer (SMCI), a developer and manufacturer of high-performance server and storage solutions, is experiencing substantial growth and profit acceleration. The company's energy-efficient servers are benefiting from the AI boom, with exceptional demand outpacing expectations. To address this, SMCI is planning a 25% increase in production capacity. The bullish outlook on SMCI sets an entry target above $248.00-$250.00 and an upside target at $410.00-$420.00.
NASDAQ:SMCILong
by Richtv_official
Super Micro Computer Inc. Moving Towards UptrendSuper Micro deploys the world’s leading semiconductor technology with its line of servers, services and accessories and the shift to next-generation technology, including AI, resulted in better-than-expected guidance. The news has the shares up another 30% extending the rally to new highs and taking the market ballistic. Based on the AI outlook, this trend is in its early stages and could easily see this company double or triple in valuation. Among the largest growth opportunities in the AI industry will be infrastructure and services, each worth billions in annual spending. Super Micro's Tepid Quarter, Issues Guidance Super Micro had a tepid quarter regarding the analysts' expectations, bringing in only $1.28 billion. That is a decline of nearly 6% year-over-year (YOY) in line with the consensus figures, although earnings were weak. The company widened the gross margin by 210 basis points compared to last year, but it was less than expected and left the adjusted EPS at $1.63. That’s up from the prior year, but was eight cents shy of consensus and would be a bearish catalyst if not for the guidance. The company’s tepid second-quarter results are due to supply chain issues that were resolved later than the analyst anticipated. This is evidenced by the guidance, which was reaffirmed for the year which ends with the next report. The takeaway is that the fourth-quarter guidance is well above the MarketBeat consensus and suggests that momentum could carry into the first-quarter period and the second half of calendar 2023. Institutional Activity Drives Super Micro Higher The institutional activity in Super Micro can tell you a lot. The institutions own about 73% of the stock and have been buying on balance. The activity includes rotation as profit-taking occurs but ramps higher every quarter. Assuming this trend continues, the institutions will increase their holdings to roughly 75% by the end of the second quarter of 2023. Technical Analysist: Super Micro’s Uptrend Super Micro is in an uptrend that gains strength. The current move is supported by the outlook and aided by a relatively high short interest that could continue to fuel the rally. The company has evident momentum and a clear position within the industry, so it should continue to build support. The price action may move sideways at this point or even pull back some before moving higher, which offers a buying opportunity. One target for support is near the $120 level, but a deeper pullback is possible if the short sellers pile back in. Price Momentum SMCI is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:SMCILong
by DEXWireNews
🟩 4 True Market LeadersEven though I am 100% cash, i am carefully looking at some of the True Market Leaders (TMLs) that I have traded recently. These act great during the correction and could provide an actionable buy points. Here is the list of names. NASDAQ:SMCI NASDAQ:NVDA NASDAQ:META NYSE:ANET PRO TIP: I always use 2 alerts - one which is above the pivot and one underneath. I call the first one ✅ GOOD ACTION and the second one ❌ BAD ACTION I put these alerts on anywhere between 15-30 stocks. And watch how the market reacts. What I want to see is a bunch of ✅ GOOD ACTION alerting me. This shows me that the market is worknig well, when I get a bunch of ❌ BAD ACTION, I know the makret it turning.
NASDAQ:SMCILong
by TintinTrading
SMCI Entry, Volume, Target, StopEntry: with price above 270.18 Volume: with volume greater than 3.51M Target: 325.01 area Stop: Depending on your risk tolerance; Based on an entry of 270.19, 251.92 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:SMCILong
by tradepatiently
SMCI: Bullish Flag, Not Confirmed (89%)SMCI showing a bullish flag on the Weekly chart. Not confirmed. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 and climbing 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in April 2020 8- Post formed with volume 9- Descending volume during Flag forming 10- Ascending ATR, more volatility Cons: 1- Figure is not confirmed 2- No break out yet If confirmed, target price is 501,52$ Again, stay humble, have fun, make money! MAAX!
NASDAQ:SMCILong
by LeLaf
SMCI Parabolic moveSMCI has been on a parabolic bullish move since Start of 2022 It always makes a new highs then establish it as a resistance level , test it multiple times then move on to the new breakout Right now it is on a new resistance level i.e 118 and it can come back to test either 104 or 94 support levels. After retesting 104 or 94 it will make another bull move making a new high Wait till Support level retesting and then make an entry PS : its currently forming a triple top pattern which is not complete yet . if completed then there is a slight chance that it will definitely come back to 94-96 levels for the previous strong support retest
NASDAQ:SMCILong
by vortexTradingSolutions
6
SMCI in uptrend with acceleration perspectiveSMCI Super Micro Computer Non-GAAP EPS of $3.26 beats by $0.23, revenue of $1.8B beats by $20M. It confirms the good business run and momentum for its products, despite overall business decline in the sector. It records a rising trend both in revenue and EPS and the valuation looks very attractive. PE 8.7x, Revenue up 59%, ROE 38% EBIT mrg 10% and the stock is above its 200ma and it seems that the demand for the stock is increasing.
NASDAQ:SMCILong
by alpha62539
1
02/08/2023 SMCI short opportunity - Hi traders, It appears that SMCI presents a favorable opportunity for shorts over the course of multiple days. reasons 1. $92-$95 is a huge selling area. 2. The presence of a Gravestone Doji candle in today's market suggests a potential short-selling opportunity. This pattern often indicates that the sellers have taken control of the trend during the intra-day trading period. 3. Volume is trending down, which possibly means buyer exhaustion. 4. The underlying fundamentals seem to support this view, as the bond yield curve has contributed to a decline in the market today. Furthermore, the trend of major indices such as the SPY and QQQ has shifted to a bearish outlook as of today. *The stock itself got a great analyst rating and the company is in the growth stage. I am expecting it may or may not, retract to T1 trendline.
NASDAQ:SMCIShort
by aparkon