Super Micro Soars 30% as Review Clears Fraud Concerns
Supermicro's stock surged nearly 30% after an independent review cleared the company of accounting misconduct, alleviating fears of a Nasdaq delisting. The stock has rebounded significantly from its March lows, supported by high trading volumes. Key resistance levels to watch are $50, $64, and $97, while major support levels are at $30 and $23.