Microchip Offering Possible 6.38% Return Over the Next 10 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 6.38% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $40.00 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

Low-Power Sensor Hub Makes Sensor Fusion Easy; Partnered With Leading Sensor Manufacturers for Maximum Flexibility
Mon, 06 Jan 2014 17:10:49 GMT
noodls – CHANDLER, Ariz., Jan. 6, 2014 [NASDAQ: MCHP] – Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced the SSC7102-a low-power, flexible …

Microchip’s Low-Power Sensor Hub Makes Sensor Fusion Easy; Partnered With Leading Sensor Manufacturers for Maximum Flexibility
Mon, 06 Jan 2014 16:34:00 GMT
Business Wire – Microchip Technology Inc. , a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced the SSC7102—a low-power, flexible and turnkey sensor hub that makes implementing sensor fusion easy and provides an extremely large selection of supported sensors.

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Thu, 26 Dec 2013 17:30:05 GMT

Semtech Trims Q4 Guidance
Mon, 23 Dec 2013 21:05:03 GMT
Zacks – Recently, Semtech Corporation lowered its revenue and earnings expectations for the fourth quarter of fiscal year 2014.

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