Microchip (MCHP) Offering Possible 19.05% Return Over the Next 35 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $46.00 short put and a strike $41.00 long put offers a potential 19.05% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.00 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 $41.00 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 79.78 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

JPMorgan Makes Winning Calls, Says Continue to Buy Chip Stocks
Thu, 15 Oct 2015 12:25:45 GMT

Microchip Enables Cost-Efficient CI+ Based Pay TV in Automotive Infotainment Networks Via Broad MOST® Technology Device Portfolio
Tue, 13 Oct 2015 12:03:00 GMT
PR Newswire – CHANDLER, Ariz., Oct. 13, 2015 /PRNewswire/ — Microchip Technology Inc. (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced that system …

Microchip Enables CI+ Pay TV in Automotive Infotainment Networks Via Broad MOST® Technology Device Portfolio
Tue, 13 Oct 2015 07:08:21 GMT
noodls – CHANDLER, Ariz., Oct. 13, 2015 – Microchip Technology Inc. (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced that system designers using …

How a Key Analyst Sees Semiconductors Closing Out 2015
Mon, 12 Oct 2015 20:06:39 GMT

ETF’s with exposure to Microchip Technology, Inc. : October 1, 2015
Thu, 01 Oct 2015 16:15:20 GMT

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