Microchip Offering Possible 2.04% Return Over the Next 8 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $42.00 short put and a strike $37.00 long put offers a potential 2.04% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.00 by expiration. The full premium credit of $0.10 would be kept by the premium seller. The risk of $4.90 would be incurred if the stock dropped below the $37.00 long put 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

MICROCHIP TECHNOLOGY INC Files SEC form 10-Q, Quarterly Report
Fri, 08 Nov 2013 17:21:57 GMT

Microchip’s Free Code Configuration Plug-In for MPLAB® X IDE Makes It Easier and Faster to Develop Firmware on 8-bit PIC® MCUs
Thu, 07 Nov 2013 13:00:00 GMT
Business Wire – Microchip Technology Inc. , a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced the availability of its MPLAB® Code Configurator.

Microchip’s Free Code Configuration Plug-In for MPLAB® X IDE
Thu, 07 Nov 2013 11:14:20 GMT
noodls – CHANDLER, Ariz., Nov. 7, 2013 [NASDAQ: MCHP] – Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced the availability of its MPLAB® …

Fast Money Final Trade
Thu, 31 Oct 2013 21:58:00 GMT
CNBC – The Fast Money traders share their final trades of the day.

Stock Pops & Drops
Thu, 31 Oct 2013 21:52:00 GMT

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