Microchip (MCHP) Offering Possible 11.11% Return Over the Next 25 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 11.11% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 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 $55.00 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 above 80 which suggests that the stock is in overbought 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

MICROCHIP TECHNOLOGY INC Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vo
Thu, 18 Aug 2016 18:18:48 GMT

MICROCHIP TECHNOLOGY INC Financials
Thu, 18 Aug 2016 17:04:43 GMT

Microchip Releases Industry's First End-to-end Security Solution for IoT Devices Connected to Amazon Web Services' Cloud
Tue, 16 Aug 2016 04:00:00 GMT
PR Newswire – BANGKOK, Aug. 16, 2016 /PRNewswire/ — Microchip Technology Inc. (MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, has announced the industry's first end-to-end security solution for Internet of Things (IoT) devices that connect to Amazon Web Services IoT (AWS IoT). Microchip and AWS collaborated to develop this integrated solution to help IoT devices quickly and easily comply with AWS's mutual authentication IoT security model.

Microchip (MCHP) Well Poised with Healthy Organic Growth
Mon, 15 Aug 2016 13:15:01 GMT

What Billionaires Think About Semiconductor Stocks
Sun, 14 Aug 2016 20:40:49 GMT

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