Microchip (MCHP) Offering Possible 9.89% Return Over the Next 29 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 9.89% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $52.50 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 71.6 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

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
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Sun, 14 Aug 2016 20:40:49 GMT

Microchip Technology To Webcast Annual Stockholders' Meeting
Thu, 11 Aug 2016 20:30:00 GMT
PR Newswire – CHANDLER, Ariz., Aug.11, 2016 /PRNewswire/ — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, announced today that …

Microchip Releases Industry’s First End-to-End Security Solution for IoT Devices Connected to Amazon Web Services’ Cloud
Thu, 11 Aug 2016 14:01:11 GMT
noodls – Microchip's Pre-Configured ECC508 is the Simplest Way to Create Secure Mutually Authenticated IoT Connections with AWS CHANDLER, Ariz., Aug. 11, 2016 – Microchip Technology Inc. (NASDAQ: MCHP), a leading …

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