Super Micro Computer has gone too far and investors need to step away for now, according to Wolfe Research. Shares of the computer server manufacturer have soared about 300% year to date. Over the past 12 months, they are up a whopping 1,100%. But Wolfe strategist Rob Ginsberg thinks it’s time to book some profits on the stock as it reaches deeply overbought territory. “The Poster Child of the Momentum Factor, the Stock is Now 300% Above Its 200-Day and its RSI Recently Hit an Eye Opening 97,” he wrote. RSI refers to relative strength index, a widely followed momentum metric that gauges overbought and oversold conditions. When an asset’s RSI tops 70, the stock is considered overbought. When it breaks below 30, it’s considered oversold. Super Micro hit an RSI of 97 about a month ago. Its RSI now sits at 65, still near overbought levels. The key drivers for the move have been artificial intelligence, as investors anticipate server demand growing exponentially due to the data needs that come with the technology, along with the stock’s upcoming inclusion into the S & P 500 . Ginsberg said he would “Fade Strength into [the] S & P Rebalancing,” which will take place Monday.