(Finance) – Sharp decline for Super Micro Computerwhich is trading at a loss of 22.55% on previous values.
The artificial intelligence server maker said it will delay filing its annual report for the fiscal year ended June 30, a day after Hindenburg Research disclosed a short position in the company.
The progress of the provider of innovative solutions for Enterprise IT infrastructure, Cloud, AI, Metaverse and 5G Telco/Edge. in the week, compared to theS&P-500indicates a lower relative strength of the stock, which could fall prey to sellers ready to take advantage of potential weaknesses.
The technical framework of Super Micro Computer signals an expansion of the negative trend line with a drop to the support seen at 383.7 USD, while on the upside it identifies the resistance area at 476. Forecasts are for a possible further decline with a target set at 343.3.