SMCI – RS improving, consolidating within multiple base formations
$SUPER MICRO COMPUTER INC(SMCI)$ – RS improving, consolidating within multiple base formations
SMCI has gradually risen in 1-month RS rank on my Liquid-20 monitor list with 1-month RS at 92%. Only 3.6x ATR% from 50-MA with a strong price structure, up +60% in two base formations since April, while most stocks have ATR% multiple compression due to pullback. $iShares Semiconductor ETF(SOXX)$ and $VanEck Semiconductor ETF(SMH)$ lead market groups with 100% 1-month RS.
SMCI has a 4.9% ADR, but $DEFIANCE DAILY TARGET 2X LONG SMCI ETF(SMCX)$ offers 10% ADR, halving the funds needed for the same potential return on the same risk % to equity at execution. This is in my focus list.
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