MomentumTradingHQ.com Featured Stock for the Week of 6/10/24 - 6/14/24: Super Micro Computer (SMCI) Day Trade Return of 7.9%

Shares of semiconductor, memory and chip related stocks traded higher last week amid softer than expected CPI figures while AI optimism continued to boost the sector.

Our proprietary real time alert services picked up SMCI's unusual stock and option volume early Thursday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 9:05 am Thursday and closed at the end of the day would have gained 7.9%. The chart shows the indicators that were triggered as well as the time.

If you are interested in getting real time stock alerts sent to your email visit MomentumTradingHQ.com and subscribe to the indicator alert service that fits your trading style. There is currently a 7 day free trial.

If you are interested in receiving the Featured Stock blog visit MomentumTradingHQ.com and sign up for free.