• Return to Headlines

Microchip Tech Falling Today on Above-Average Volume (MCHP)

By David Diaz

The price of Microchip Tech shares has slipped to $85.53 (a 12.8% change) on heavy trading volume. Today's volume of 6.7 million shares tops the average 30-day volume of 1.9 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Microchip Tech. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Microchip Tech in search of a potential trend change.

Over the past year, Microchip Tech has traded in a range of $47.81 to $104.20 and is now at $85.86, 80% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: unusual volume microchip tech

Ticker(s): MCHP