Microchip (MCHP) Offering Possible 19.05% Return Over the Next 33 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 19.05% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 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 dropped below the $33.00 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 23.79 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

Digitally Enhanced Power Analog Controllers From Microchip Offer Digital Power Supply Flexibility With Easy Analog C
Tue, 21 Oct 2014 07:13:36 GMT
noodls – CHANDLER, Ariz., Oct. 21, 2014 [NASDAQ: MCHP] – Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced its latest Digitally Enhanced …

Broadcom, IBM And Two Other Tech Stocks To Buy On Weakness
Mon, 20 Oct 2014 13:30:00 GMT

Another Semiconductor Company Delivers Bad News About The Industry And Now Its Stock Is Tanking
Thu, 16 Oct 2014 20:58:00 GMT
Business Insider – Advanced Micro Devices just announced it will…

TSMC: Q3 Profit, Q4 Rev Guidance Beat; Disagree With Microchip
Thu, 16 Oct 2014 09:02:00 GMT

Stocks End Sharply Lower After Volatile Day
Wed, 15 Oct 2014 21:00:00 GMT

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