Super Micro Computer shares fell 2.74% to $42.08 on Monday as a broader selloff in growth-oriented technology stocks pushed the Nasdaq down 0.87% and the S&P 500 down 0.54%. Market sentiment weakened after President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz and end the months-long standoff. WTI crude rose 4.2% to $96.31 a barrel, Brent gained 4% to $108.50, and the 10-year Treasury yield increased 10 basis points to 5.27%, its highest level since 2007. Traders priced in about a 65% chance of a Federal Reserve rate hike in October. Super Micro remained above its 20-, 50-, 100- and 200-day simple moving averages, with a golden cross (50-day average crossing above 200-day average) formed in August and MACD (a momentum indicator) above its signal line. The $35.50 area is key support, near the 50-day average of about $35.39. Analysts hold a Hold consensus rating with an average price forecast of $39.50. Citigroup kept a Neutral rating and raised its forecast to $39 on Aug. 12, while Goldman Sachs maintained Sell at $34 and Mizuho maintained Neutral at $35. Benzinga Edge scores were 93.05 for Momentum, 94.96 for Quality, 86.07 for Value and 99.21 for Growth. The stock is held by three ETFs, whose fund-flow changes can add buying or selling pressure.