Microchip (MCHP) Offering Possible 25% Return Over the Next 23 Calendar Days

Microchip's most recent trend suggests a bullish bias. One trading opportunity on Microchip is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 25% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $90.00 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 above 80 which suggests that the stock is in overbought 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

New allegations added to defamation lawsuit against Microchip and some executives
Fri, 19 Apr 2019 04:00:00 +0000
The complaint alleges that Microchip made false and defamatory allegations that have damaged the reputations of the former Microsemi executives.

Semiconductor Stocks To Buy And Watch During Q1 Earnings Season
Thu, 18 Apr 2019 15:43:59 +0000
Finding top semiconductor stocks to buy involves understanding the health of markets that purchase chips for their products. Chip stocks have rebounded ahead of first-quarter earnings reports.

Did Business Growth Power Microchip Technology's (NASDAQ:MCHP) Share Price Gain of 104%?
Thu, 18 Apr 2019 14:01:11 +0000
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well o…

Registration Now Open for Microchip’s 23rd Annual Worldwide MASTERs Conference
Mon, 15 Apr 2019 12:00:00 +0000
Microchip Technology Inc. (MCHP) today announced that registration is now open for its 23rd annual Worldwide MASTERs Conference, the premier technical training event for embedded control engineers. This year’s conference will feature more than 110 classes – including more than 50 new courses – on Microchip’s 8-, 16- and 32-bit PIC®, AVR® and Arm®-based SAM microcontrollers (MCUs), as well as high-performance analog and interface solutions, dsPIC® digital signal controllers, wireless and mTouch™ sensing solutions, memory products and the MPLAB® development ecosystem. The conference will also feature new classes from Microchip’s Microsemi subsidiary, including three FPGA courses and one on Power over Ethernet (PoE).

Weak Macro Environment Slows Analog Chip Sales in Q1
Thu, 11 Apr 2019 19:40:19 +0000
Q1 Earnings: Smaller Chip Companies to Take a Bigger Blow(Continued from Prior Part)Analog chip suppliers The semiconductor industry consists of analog, micro, logic, and memory chips, which are used inside every electronic device. Analog chips

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