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MCHP Makes Bullish Cross Above Critical Moving Average

By Dividend Channel Staff, Friday, July 30, 4:22 PM ET

In trading on Friday, shares of Microchip Technology Inc (NASDAQ:MCHP) crossed above their 200 day moving average of $143.05, changing hands as high as $143.12 per share. Microchip Technology Inc shares are currently trading up about 1.4% 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 $95.53 per share, with $166.67 as the 52 week high point — that compares with a last trade of $143.12. The MCHP DMA information above was sourced from TechnicalAnalysisChannel.com


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