Microchip (MCHP) Offering Possible 12.36% Return Over the Next 3 Calendar Days

Microchip's most recent trend suggests a bearish bias. One trading opportunity on Microchip is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 12.36% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $75.00 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

SHAREHOLDER ALERT: PDD AMPE MCHP MGTI HAS ADNT TRVN HTHT SFIX GOOG: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
Sun, 14 Oct 2018 14:00:00 +0000
NEW YORK, Oct. 14, 2018 — The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a.

INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Microchip Technology Incorporated and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Sat, 13 Oct 2018 00:35:00 +0000
LOS ANGELES, CA / ACCESSWIRE / October 12, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Microchip Technology Incorporated (“Microchip” or the “Company”) (NASDAQ: MCHP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between March 2, 2018 and August 9, 2018, inclusive (the “Class Period”), are encouraged to contact the firm before November 16, 2018.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Microchip Technology Incorporated – MCHP
Fri, 12 Oct 2018 23:26:20 +0000
Pomerantz LLP is investigating claims on behalf of investors of Microchip Technology Incorporated (“Microchip” or the “Company”) (NASDAQ: MCHP).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether Microchip and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: TRCO USAT MCHP COCP ABBV ALNY MGTI CHGG ADNT: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
Thu, 11 Oct 2018 18:09:50 +0000
NEW YORK, Oct. 11, 2018 — The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a.

Create secure connected applications in a single click with Microchip's AVR(R) MCU Development Board for Google Cloud
Thu, 11 Oct 2018 10:34:00 +0000
New solution enables developers to easily deploy IoT devices to Google Cloud IoT Core's artificial intelligence and machine learning infrastructure BANGKOK , Oct. 11, 2018 /PRNewswire/ — Creating cloud-connected …

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