Microchip (MCHP) Offering Possible 16.28% Return Over the Next 3 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $108.00 short put and a strike $103.00 long put offers a potential 16.28% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $108.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $103.00 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 at 62.07 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

New PIC(R) MCU Family Moves Software Tasks to Hardware for Faster System Response
Thu, 13 Feb 2020 08:45:00 +0000
In microcontroller (MCU) based system design, software is often the bottleneck for both time to market and system performance. By offloading many software tasks to hardware, Microchip Technology Inc.'s (Nasdaq: MCHP) next generation PIC18-Q43 family helps developers bring higher performing solutions to market faster.

New PIC® MCU Family Moves Software Tasks to Hardware for Faster System Response
Wed, 12 Feb 2020 13:00:10 +0000
CHANDLER, Ariz., Feb. 12, 2020 — In microcontroller (MCU) based system design, software is often the bottleneck for both time to market and system performance. By offloading.

Microchip Technology to Present at the Goldman Sachs Technology and Internet Conference
Tue, 11 Feb 2020 21:10:10 +0000
CHANDLER, Ariz., Feb. 11, 2020 — (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced.

Piplovic's Picks- Best Global Chip Stocks
Tue, 11 Feb 2020 10:00:00 +0000
After a relatively soft performance in 2018, semiconductor companies delivered significantly better results in 2019 and might be poised to extend that uptrend into 2020, especially semiconductor dividend stocks with above-average yields, explains Ned Piplovic, an editor at DividendInvestor.

Edited Transcript of MCHP earnings conference call or presentation 4-Feb-20 10:00pm GMT
Fri, 07 Feb 2020 19:41:28 +0000
Q3 2020 Microchip Technology Inc Earnings Call

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