Microchip (MCHP) Offering Possible 29.87% Return Over the Next 28 Calendar Days

Microchip's most recent trend suggests a bearish bias. One trading opportunity on Microchip is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 29.87% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $90.00 long call strike price.

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

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

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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

Create Cost-effective Smart Lighting Systems with Eight-port Switch that Supports New IEEE 802.3bt Power over Ethernet (PoE) Standard
Tue, 21 May 2019 12:00:00 +0000
480-watt fanless switch is compatible with all PoE lighting, providing maximum power for enterprise connected lighting applications CHANDLER, Ariz. , May 21, 2019 /PRNewswire/ — The adoption of commercial …

Edited Transcript of MCHP earnings conference call or presentation 8-May-19 12:30pm GMT
Fri, 17 May 2019 19:19:08 +0000
Q4 2019 Microchip Technology Inc Earnings Call

Gentex Purchases Microchip’s 25 Billionth MCU, Advancing its HomeLink Interface
Thu, 16 May 2019 12:00:00 +0000
CHANDLER, Ariz., May 16, 2019 — Microcontroller units (MCUs) continue to bring functional flexibility to ever-changing application requirements, and today’s top suppliers.

MARKETS: Break out the chip stocks—AMAT leading, NVDA sinking ahead of earnings
Wed, 15 May 2019 21:50:00 +0000
Semiconductors are lagging the Nasdaq Composite today, but still solidly in the green. Yahoo Finance's Jared Blikre joins Myles Udland to break down the action in the chipmaker space, as President Trump partially walks back a tougher trade stance.

Microchip Expands Carrier-Grade Time and Synchronization Portfolio to Solve Network Deployment, Reliability and Scalability Challenges
Wed, 15 May 2019 12:09:00 +0000
Enhanced TimeProvider® 4100 family adds 10 Gigabit Ethernet support and industry's most accurate time transfer over mobile and latest generation of cable networks CHANDLER, Ariz. , May 15, 2019 /PRNewswire/ …

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