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Microchip Tech Bullish Moving Average Crossover Alert (MCHP)

By James Quinn

Today, shares of Microchip Tech (NASDAQ:MCHP) have crossed bullishly above their 10-day moving average of $92.18 on a volume of 509K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Microchip Tech share prices have been bracketed by a low of $47.81 and a high of $104.20 and are now at $93.35, 95% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Microchip Tech and will alert subscribers who have MCHP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses microchip tech

Ticker(s): MCHP