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