I'm bullish on this stock, but I sold all of it last week. Looks to me like it's going to do a slow decay as speculators lose interest. That's typically what happens when a stock doubles in a couple of weeks.
It's coming off an overbought condition on the daily, will look at it again when RSI gets close to 50.
There are better stocks to play with, almost everything is up today besides SMSI.
Any idea why this is spiking today? I sold half at 6.3 a few days ago but decided to keep half at least until next earnings. Nice call.
hungry_hippo
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@exxodus, as far as I can tell, it's cycling between oversold and overbought conditions on the 15 minute chart plus the entire market went up. It'll probably be rangebound until next earnings.