Microchip (MCHP) Offering Possible 11.11% Return Over the Next 23 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 11.11% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $72.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Microchip is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Microchip is bullish.

The RSI indicator is at 70.16 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Microchip

Microchip Technology to Present at the JP Morgan 45th Annual Technology, Media & Telecom Conference
Mon, 22 May 2017 20:15:00 +0000
CHANDLER, Ariz., May 22, 2017–– Microchip Technology Incorporated, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, announced today that the Company will present at …

Microchip’s UNICENS Software Makes Interfacing to High-Speed Infotainment In-Vehicle Networks Easy and Flexible
Mon, 22 May 2017 12:03:00 +0000
CHANDLER, Ariz., May 22, 2017– A new high-speed network solution for in-vehicle infotainment with device control over Internet Protocol is now available from Microchip Technology Inc.. Unified Centralized …

Microchip’s Wi-Fi® SDK with Apple HomeKit Support Now Available
Thu, 18 May 2017 12:03:00 +0000
CHANDLER, Ariz., May 18, 2017– A fully-certified Wi-Fi ® Software Development Kit with Apple HomeKit support is now available from Microchip Technology Inc.. This SDK enables MFi licensees to create fast, …

Edited Transcript of MCHP earnings conference call or presentation 9-May-17 9:00pm GMT
Mon, 15 May 2017 15:20:59 +0000
Q4 2017 Microchip Technology Inc Earnings Call

New PIC32 Family of 32-bit Microcontrollers Optimised for Motor Control and General Purpose Applications
Mon, 15 May 2017 04:00:00 +0000
BANGKOK, May 15, 2017 /PRNewswire/ — The newest family of PIC32 microcontrollers (MCUs) is now available from Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog and …

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