Momentum favoring Microchip Technology Incorporated

by Josh Microchip Technology Incorporated ($MCHP) is resolving it’s multi month wedge to the upside today. Microchip Technology Incorporated is up 1.95% at $38.76 on a volume of 475,394 shares today.

Shares are also hitting a new 52 week high today.

52 Week Range $28.92-$38.47 Market Cap 7,647,097,722 Average Volume 2,053,549 Dividend Yield 3.72% Institutional Ownership 0.00% Insider Ownership: 0.10% Percentage of Float Short 9.70% Beta 1.04

Microchip Technology Incorporated is above the 50 day moving average and above the 200 day moving average. These are both bullish indicators respectively.

Microchip Technology Incorporated Microchip Technology Inc., develops and manufactures semiconductor products for a variety of embedded control applications.

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