Microchip (MCHP) Offering Possible 19.05% Return Over the Next 17 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 19.05% return on risk over the next 17 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 $0.80 would be kept by the premium seller. The risk of $4.20 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 at 29.86 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 Inc (MCHP) Files 10-K for the Fiscal Year Ended on March 31, 2019
Thu, 30 May 2019 22:48:03 +0000
Microchip Technology Inc develops, manufactures and sells semiconductor products used for a range of embedded control applications. The dividend yield of Microchip Technology Inc stocks is 1.80%. Microchip Technology Inc had annual average EBITDA growth of 8.60% over the past ten years.

Industry's First Terabit-Scale Ethernet PHY Enables Highest-Density 400 GbE and FlexE Connectivity
Wed, 29 May 2019 12:00:00 +0000
META-DX1 uniquely combines 100 GbE, 400 GbE, FlexE, nanosecond timestamping accuracy and MACsec security engine in a single chip with terabit capacity CHANDLER, Ariz. , May 29, 2019 /PRNewswire/ — As …

Preserve Legacy Low Pin Count (LPC) Investments with the Industry's First Commercial eSPI to LPC Bridge
Wed, 29 May 2019 03:00:00 +0000
Device allows industrial computing developers to integrate the eSPI standard in existing equipment, minimizing development costs and extending product lifecycles BANGKOK , May 29, 2019 /PRNewswire/ — …

Joel Greenblatt's 5 Largest Buys of the 1st Quarter
Tue, 28 May 2019 23:07:35 +0000
Stock market ‘genius' earned 40% returns over one two-decade streak

Semiconductor Stocks To Buy And Watch After Q1 Earnings Season
Tue, 28 May 2019 14:54:59 +0000
Finding top semiconductor stocks to buy involves understanding the health of markets that purchase chips for their products. Chip stocks have fallen after first-quarter earnings reports.

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