Microchip (MCHP) Offering Possible 42.86% Return Over the Next 37 Calendar Days

Microchip's most recent trend suggests a bearish bias. One trading opportunity on Microchip is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 42.86% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $95.00 long call 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 down which suggests that the medium-term momentum for Microchip is bearish.

The RSI indicator is at 37.01 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

Tech Stocks' Earnings to Watch Out For: CSCO, NTAP, HPQ
Mon, 12 Aug 2019 14:40:02 +0000
Here is a sneak peek into how three technology stocks, namely, Cisco, NetApp and HP, are poised ahead of their upcoming earnings releases.

Edited Transcript of MCHP earnings conference call or presentation 6-Aug-19 9:00pm GMT
Sat, 10 Aug 2019 12:36:01 +0000
Q1 2020 Microchip Technology Inc Earnings Call

Microchip spending millions to bring some outsourced acquisition operations in house
Thu, 08 Aug 2019 23:56:35 +0000
Microchip CEO Steve Sanghi said the company’s June quarter financial results “were better than we expected in spite of a challenging economic environment” with the Huawei shipment restrictions and Chinese trade tensions.

Microchip Technology to Webcast Annual Shareholders’ Meeting
Thu, 08 Aug 2019 20:05:00 +0000
CHANDLER, Ariz., Aug. 08, 2019 — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading semiconductor supplier of smart, connected and secure embedded control.

Microchip Earnings Boost Broadline Chip Stocks
Thu, 08 Aug 2019 13:50:29 +0000
Microchip's upbeat earnings amid a challenging operating environment helped lift semiconductor stocks. Trade these three players.

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