Super Micro Computer, Inc. (SMCI) - About to Breakout


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About To Breakout ? After over two months of remaining below $10, SMCI could be in the early stages of a big rally. Today, the stock moved higher and I would not be surprised if it tests the $10.5 level before the year ends. The technical daily chart shows an inverted head and shoulders pattern with positive MACD and rising RSI. The stock is now trading above 20-day and 50-day moving average, a bullish sign. The volume is also picking up. A break above 9.50 offers an objective of 11.15. Fundamentally, this company is profitable, it had sales of $1.04B, which gives a price to sales ratio of 0.32, a reasonable balance sheet with a current ratio of 2.24, a debt equity ratio of 0.11 and has promising forward PE of 8. SMCI should be watched closely.

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Super Micro Computer, Inc., together with its subsidiaries, develops and provides high performance server solutions based on modular and open-standard architecture. It offers a range of rackmount, workstation, blade server, storage, graphic processing unit systems, networking devices, and full rack solutions, as well as subsystems and accessories used by distributors, original equipment manufacturers, and end customers to assemble server systems. The company provides various server options with single, dual, and quad central processing unit capability supporting Intel Pentium and Xeon multi-core architectures; and server systems based on AMD dual and quad Opteron. It also offers server subsystems and accessories, including server boards, and chassis and power supplies; and other system accessories, such as microprocessors, memory, and disc drives. The company sells its server systems, and server subsystems and accessories through distributors comprising value added resellers, system integrators, and original equipment manufacturers, as well as through its direct sales force primarily in the United States, Europe, and Asia. Super Micro Computer, Inc. was founded in 1993 and is headquartered in San Jose, California.

LAST TRADE 10,20$ ..... In Watch......

Super Micro Computer Inc - SMCI - Stock Quotes