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Microchip Tech Crosses Above its 10-day MA (MCHP)

By James Quinn

Today, shares of Microchip Tech (NASDAQ:MCHP) have advanced above their 10-day MA of $91.78 on a volume of 120K 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 $60.70 and a high of $104.20 and are now at $91.91, 51% above that low price. The 200-day and 50-day moving averages have moved 0.39% higher and 0.46% lower over the past week, respectively.

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