Microchip Offering Possible 9.89% Return Over the Next 22 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $44.00 short put and a strike $39.00 long put offers a potential 9.89% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.00 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 $39.00 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 57.11 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

NASDAQ-100 Index Removals to Watch
Fri, 27 Dec 2013 19:38:14 GMT

WESCO to Acquire LaPrairie
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.

Amazon Plans to Unveil Pantry Service
Wed, 18 Dec 2013 21:30:03 GMT
Zacks – Reportedly, Amazon.com (AMZN) is planning to launch an online grocery shop called “Pantry,” mainly aimed at Amazon Prime members.

Microchip Announces New 5 GHz 50 ohm Matched WLAN Front End Module for IEEE 802.11a/n/ac Applications
Tue, 17 Dec 2013 13:00:00 GMT
Business Wire – Microchip Technology Inc. , a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced its new 5 GHz, 50 ohm Matched WLAN Front End Module —the SST11LF04—for high data rate mobile device applications.

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