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MCHP Crosses Below Key Moving Average Level

In trading on Monday, shares of Microchip Technology, Inc. (Symbol: MCHP) crossed below their 200 day moving average of $46.79, changing hands as low as $46.52 per share. Microchip Technology, Inc. shares are currently trading off about 1.7% on the day. The chart below shows the one year performance of MCHP shares, versus its 200 day moving average:

Microchip Technology, Inc. 200 Day Moving Average Chart

Looking at the chart above, MCHP's low point in its 52 week range is $36.92 per share, with $52.44 as the 52 week high point - that compares with a last trade of $46.66.

According to the ETF Finder at ETF Channel, MCHP makes up 2.33% of the SPDR S&P Semiconductor ETF (Symbol: XSD) which is trading lower by about 1.8% on the day Monday.

Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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