• Return to Headlines

Microchip Tech Bullish Moving Average Crossover Alert (MCHP)

By David Diaz

Microchip Tech (NASDAQ:MCHP) shares have crossed bullishly above their 10-day moving average of $84.33 on a volume of 594K shares. This may provide swing traders with 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 $84.81, 77% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

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