Microchip Technology Incorporated (NASDAQ:MCHP)
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- LU1: $MCHP $MCHP ATH
- charlotte: @scottrades $NFLX any thoughts on $MCHP?
- scottrades: @charlotte $NFLX $MCHP Small earnings Miss, whippy reaction. Needs to tighten up.
- scottrades: Reminder about Earnings after the close: $AMZN $AAPL $META $TEAM $X $CLX $MCHP $SKX $DECK $OTEX $COLM $COUR $BZH $DXC $EMN $ORC $NOV $HOLX $LPLA $POST $GEN $SKYW $RGA $HIG $EXPO $CLFD $LESL $HUBG $CPT $CVCO $ENSG $PMT $VIAV $DLB $KMPR $MATW $MTX $PFSI $HLI $EVBN $SXI
- scottrades: My notes: $SPY Clear Resistance $QQQ Support at the 21 EMA $TNX Watch for a bounce near the 200 Day $UUP Holding the 100 EMA $TLT Watch for a Pullback $SMH Are they back? $GLD Consolidation $GDX You want to watch this on Red Days…like this $IGV In trend $ETHE Working $GBTC Fine $AMD Nice break out $MRVL Bottom Fish near the 200 Day $INTC Near the 21 EMA $AVGO At the 50 Day (Earnings) $TSM Clear resistance $STM Watch 40.40 $AMAT Channel $MCHP Good volume $LSCC Bottom Fish $TSLA On the launch pad? $META At the 50 Day $MSFT At the 21 EMA $ANET Holding the 21 EMA $TOL Near the highs $PHM Working $MSTR In trend $RIOT Bounce $MARA Working, watch for a new high
- scottrades: Lots of Earnings to be aware of after the close: $AAPL $AMZN $COIN $FTNT $SQ $ABNB $DKNG $NET $OPEN $AMGN $TEAM $CRSR $MP $LTHM $FND $MCHP and more.
- vitoB: @BarryC #FWIW .... anyone else get the faceripper thorughout the day. gonna be watchin how the regional banks handle this premarket strength..im long $HBAC...should have stuck with $KEY. also $FITB...theme is regional banking around Ohio/midwest ie infrastructure and chips influx to the region...also energy names $SM gettin back into that $CPE while it sold off all day was still actually green. chips $STM come down to the 150d. 59ers $LYFT $MCHP $TEAM....big day
- BarryC: @vitoB $HBAC $KEY $FITB $SM $CPE $STM $LYFT $MCHP $TEAM #FWIW That's way over my pay grade, lol... I'm staying a long way from the banks for now.
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DAN: ...
Chips and Retail are also looking good this morning. Check $SMH, $NVDA, $MCHP $ON and $TXN. They are all higher this morning, indicating broad based optimism in the semiconductor business. Similarly, $XRT is up 2.75%. A couple of weeks ago I explain ... - munchbach: #Short Trades for today: $fast $IPGP $MCHP any thoughts?
- issues: @bRobert $SOXL $AVGO $SMH Dr bRob I was looking/ lurking at the semis and IBD showed these as good ratings: $PI (up from minus 6% to plus 10% in a short time - too extended?) $TSEM (turning down?) $QRVO, $MCHP and $ON. I didn't like the chart on $SWKS and it has a weak rating of 75 d- (in the dumpster) Looking at the charts from this SMM pov I like $ON. Shall we say turn it ON!!? Just on the charts.... Now what does the good doctor of stocks have to say?
- Ajax4Hire: @Auto $MU I too would like to invest in the USofA IC memory maker, $MU-Micron, but like $INTC, there is just no love. $TXN-Texas Instruments another US based IC manufacture is favored. And the other "fab-less, Fab at $TSM" IC makers are doing well: $AMD,$AVGO,$NVDA,$MRVL,$QCOM(hard to include in this list) and $AAPL,$GOOGL,$FB,$MSFT now design their own ICs in huge volume and can be considered in the group. Some of the smaller make-their-own-ICs doing great also: $ADI,$NXPI,$MSI,$LSCC and $MCHP,$SWKS,$QRVO,$ON are like $QCOM. The $SMH is cloudy.
- Ajax4Hire: @Auto $MU I too would like to invest in the USofA IC memory maker, $MU-Micron, but like $INTC, there is just no love. $TXN-Texas Instruments another US based IC manufacture is favored. And the other "fab-less, Fab at $TSM" IC makers are doing well: $AMD,$AVGO,$NVDA,$MRVL,$QCOM(hard to include in this list) and $AAPL,$GOOGL,$FB,$MSFT now design their own ICs in huge volume and can be considered in the group. Some of the smaller make-their-own-ICs doing great also: $ADI,$NXPI,$MSI,$LSCC and $MCHP,$SWKS,$QRVO,$ON are like $QCOM. The $SMH is bifurcated.
- Angdionk: $MCHP big intraday volume
- Angdionk: $MCHP HOD
- Angdionk: $MCHP retesting breakout of downward trendline
- Angdionk: $MCHP closing well
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Ajax4Hire: ...
$TXN, $MU, $INTC, $MSI, $NXPI, $MCHP, $QRVO, $SWKS, $ON, $ADI
who manufacture their own ICs.
Note: $AMD, $NVDA, $AVGO, $AAPL, $GOOGL do NOT manufacture,
they buys from $TSM, vulnerable to China($FXI) Taiwan($EWT) uncertainty.
Not listed, Hynix($HXS ... -
Ajax4Hire: ...
2.61% $MCHP Microchip Technology Incorporated
Data from: https://ETFdB.com/etf/SMH/#holdings - wjj3: @Ajax4Hire $NAIL $XBI $IBB $TMO $ILMN $SMH $AVGO $SOXL $QCOM $AMD $INTC $ASML $KLAC $LRCX $AMAT $UCTT $TER $TXN $NVDA $TSM $MU $ADI $NXPI $MCHP #holdings On is a great one also
- Ajax4Hire: @Angdionk $TER $TER-Teradyne is another supplier to IC manufactures like $ASML,$KLAC,$LRCX,$AMAT and $UCTT Huge demand for IC manufacturing due to 2020 slow-down. The IC manufactures should be next to enjoy lift from this event: $TSM(manufactures for others), the remainder: $TXN, $MU, $INTC, $MSI, $NXPI, $MCHP, $QRVO, $SWKS, $ON, $ADI manufacture their own ICs. Note: $AMD, $NVDA, $AVGO, $AAPL do NOT manufacture, they buys from $TSM and are vulnerable to China($FXI) Taiwan($EWT) uncertainty. Use to be China overlooked Taiwan as both were wildly profiting from rise of Asia manufacturing. But now, economy doldrums and China looking to distract from internal strife. Curse of living in Exciting times.
- scottto_2: #InsideBarList - My OCD kicked in hard on this one - Thanks Sir @Aragorn - $AAL $AAOI $AAPL $ABC $ABT $ABUS $ACAD $ADI $ADS $AEM $AES $AFL $AGCO $AGIO $AIG $AKAM $AKTX $ALE $ALGT $AMCX $AMN $AMP $AMT $AMZN $AN $ANET $ANGI $ANTM $AON $APA $APD $APRN $ ...
- lostsheep: $MCHP inside week and up $ON same above 38.2 Add $txn above 190.25
- Ajax4Hire: @Wykeman $SOXX $SOXL Yes, Harmonic Convergence!(HC)=Moving Averages converge in this case:100day,50day,21day-MA in $SMH,$SOXX,$SOXL $SOXL should be the early leader(as it is 3x Bull ETF) The IC manufactures $TSM,$AMAT,$LRCX,$KLAC,$TER were squeezing, now moving up The IC designers: $AVGO,$TXN,$QCOM,$AMD,$NXPI,$MCHP,$XLNX,$QRVO,$LSCC,$SWKS,$ON (Note: $TXN,$NXPI,$MCHP,QRVO are IC producers also) $NVDA and $MRVL(nVidia's little brother) already ka-pow-ed up. Been building a position in $TSM,$QCOM,$AAPL for a week or so. I am going with the bigger names for slower, smaller gain. $AAPL,$GOOGL,$FB,$MSFT are IC designer also. Big surprise, $INTC still struggles at 200day-MA. No love for the most iconic name in ICs, $INTC.
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Ajax4Hire: ...
$AVGO,$TXN(squeezing),$QCOM,$AMD(was till early? breakout yesterday),$NXPI,$MCHP(100day also),$XLNX(20,50,100,200day-MA till breakout yesterday),$QRVO(squeezing, 100day also),$LSCC(squeezing)
(Note: $TXN,$NXPI,$MCHP,QRVO also produce their ICs, othe ... - bla00109: @Ajax4Hire $SMH $SOXX $SOXL $TSM $AMAT $LRCX $KLAC $TER $AVGO $TXN $QCOM $AMD $NXPI $MCHP $XLNX $QRVO $LSCC $NVDA $INTC $MU $ADI $MSI $MRVL $SWKS $ON $AAPL Nice post and observation. Own AMAT. Thanks.
- Angdionk: $MCHP might be a pull back buy
- jjohn: @Angdionk $MCHP Glad to see my company getting mentioned in the forum :)
- scottrades: My #Swing Notes: $SPY You Daily Goal is to take the best setups. $QQQ Still Stuck in the Suez Canal. $DIA At the highs #Bitcoin $SMH Around the 50 Day. $XLE Around the 8/21 EMA. $XME Sold some today. $JETS Still along the 8/21 EMA $AMAT In trend. $SWKS Holding the 50 Day. $MCHP Want to see it take out some highs. $JNJ In trend above all the MAs. $X A little whippy. $FUTU This one is working but, be careful with China names. $GOOGL at the 50 Day $MSFT Some wide ranges but above the MAs. $GRMN close to the highs $TRMB Mentioned in the forum, it’s in a range.
- Angdionk: $DXCM watching 200 and 50dma just below $NFLX 6.5%BB squeeze 50dma just below $IPHI looking for a slingshot move $MPWR been consolidating at 50dma BBs at 11% very rarely do they get much tighter on this chart $MCHP finding support at 50dma
- joelsg1: @scottrades $SMH $UCTT $AMRK $TSM $MU $ON $MCHP $LSCC $TXN too, Please!
- scottrades: @scottrades $SMH $UCTT $AMRK $TSM $MU $ON $MCHP $LSCC I'm not saying these are a buy RHRN, but these are some I'll be watching into the close.
- Bwhitty: @scottrades $SMH $UCTT $AMRK $TSM $MU $ON $MCHP $LSCC Isn't there a chip ETF?
- scottrades: $SMH stocks are showing some good strength today. I know $UCTT has been mentioned and $AMKR. $TSM is testing the 50 Day. $MU is in trend along the 8EMA. $ON is trying to firm up around the 21EMA $MCHP Tryin to hold the 50 Day $LSCC Also trying to hold the 21EMA.
- Bwhitty: @scottrades $SMH $UCTT $AMKR $TSM $MU $ON $MCHP $LSCC Yea but isn't there a ETF? Just kidding. If it was a snake it would have bit me 😁
- bRobert: @scottrades $SMH $UCTT $AMRK $TSM $MU $ON $MCHP $LSCC Scott appears to have a chip on his shoulder Several An Oiler thing perhaps
- Ajax4Hire: Yes, I have seen/heard several reports that automakers are having to reduce production due to IC shortages. Auto Electronics tends to be less cutting-edge, more legacy/long-term. But, if automakers having problems then others should as well. IC Fabrication companies(IC foundry) should benefit from the shortage, companies like: $TSM, $ASML, $AMAT, $LRCX, $KLAC and $UCTT and Companies that supply longer-life ICs, like: $TXN, $NXPI, $MSI, $MCHP, $SWKS(maybe), $QRVO, $TER, $ON Also, $TXN, $INTC, $MU, $QRVO, $MCHP own their IC foundry and can take advantage of the shortage. Companies that could be adversely affected because they rely on IC foundries to fabricate are: $AMD, $NVDA, $AVGO, $QCOM, $MRVL
- Ajax4Hire: @scottrades $SMH I have seen/heard several reports that automakers are having to reduce production due to IC shortages. Auto Electronics tends to be less cutting-edge, more legacy/long-term. But, if automakers having problems then others should as well. IC making companies should benefit from the shortage, companies like: $TSM, $ASML, $AMAT, $LRCX, $KLAC and $UCTT And companies that supply longer-life ICs, like: $TXN, $NXPI, $MSI, $MCHP, $SWKS(maybe), $QRVO, $TER, $ON
- scottrades: My notes: $SPY/$QQQ Who knew uncertainty was so bullish! $GDX Still under the slope. $GBTC Still in trend. $KWEB Mentioned before the open. $SMH Semis moving today, some have earnings this week. ($MCHP, $ACMR) $JD Nice move today, added twice. $BABA Earnings tomorrow $SE Gap and go above the slope. $NVDA Back above the 50 Day. $MRVL Bought some of this today, holding the 100 Day. $TER coming out of a loose Squeeze $ON Don’t love the sell at EOD but hourly trend is intact. $DADA Bought some of this today. $BILI In a Squeeze $TPX Green on the day holding the 50 Day MA. $LI You should have sold some today if you’ve been trading this. $CRSR Close to ATH $U Above the 8EMA. Watch 107.30 $FB above a little base on volume.
- traderbren: #Weekend_research: Based on Weekly charts these may be of interest, but drill down and do your research of the daily: $FSLR, $NOVA, $WSM, $LAD, $POOL, $SHOP, $FIVN, $TWLO, $FSLY, $PAYC, $UPLD, $NET, $AZPN, $DHI, $PHM, $KBH, $BBY, $AMZN, $BABA, $ETSY, $NVDA, $QCOM, $NIU, $ROL, $PYPL, $FOUR, $TSCO, $SITE, $HDS, $HD, $VEEV, $SLP, $WST, $PODD, $CTSH, $CALT, $FIX, $SCPL, $TTEC, $CTAS, $MDB, $AEM, $CDNS, $SNPS, $TEAM, $TSM, $QRVO, $MCHP, $ROCK, $TFII, $CTLT, $A, $IDXX, $RPM, $STRL, $RBA, $CPRT, $LHCG, $KLAC, $ASML, $CSGP, $SLGN, $CLW, $TGT, $COST, $FRPT, $KNSL
- BJ: $MCHP thoughts?
- issues: Lurking over Semis: IBD $MRAM (bot 100) $TSM (bot small), $QCOM (own) $SWKS NP $MCHP (looking hard at it). I did buy $QRVO (encouraged by $QDEL doing so well today.)
- Bwhitty: $MCHP not getting a lot of attention but at ATH looking for volume to add still holding 3rd from 95
- Bwhitty: $TER looks like it might break out this morning. Quite a bit above alert pre-market. $MCHP As Semi's continue this one is gapping up this morning quite a bit. Even tho it was tempting to take profits the last few days with the selling wicks good for us that are still in it!
- Bwhitty: $MCHP not sure if anyone is still in this trade with me. Still have a 3rd in up 14% in just 3 days.
- Bwhitty: $SMH moving which means watch $MCHP also
- Bwhitty: @scottrades $SMH Dang it I was shaken out of that one earlier. Still in $MCHP
- traderbren: $MCHP - look for $MCHP to close the gap on the upside tomorrow, above 102.80 from 2/24
- Bwhitty: $MCHP dive from high to possible 4 day round trip.
- Bwhitty: $MCHP Was a nice swing from yesterday.
- Bwhitty: $MCHP Kinda wish I sold that at the open. Gave to much back.
- Bwhitty: $MCHP help up well at test of VWAP.
- Bwhitty: $MCHP New HOD consistent above average volume all morning.
- Bwhitty: $MCHP nice consistent bounces off of VWAP. Room to run.
- scottrades: My #Swing notes today: $SPY Creepin close to 300 $QQQ Riding That top BBand $GDX/$GLD Still in trend. Waiting for BO. $TNA Moved above resistance. Good volume. $TSM Support at the 50 Day. Alert at 52.30 $MGM Casinos moving. Great volume. $GDEN Squeezing $WYNN Nice clean tops. $KR Holding the 50 Day $MCHP Right at the 200 Day. Good volume today. $WORK In trend, but low volume.
- Brock: @scottrades $SPY $QQQ $GDX $GLD $TNA $TSM $MGM $GDEN $WYNN $KR $MCHP $WORK #Swing Hey Scott - Thoughts on the $IGT break above the previous high on average volume. Finished the day at the high. Is the resistance at 8.30 just numerical or what am I missing?
- scottrades: @Brock $SPY $QQQ $GDX $GLD $TNA $TSM $MGM $GDEN $WYNN $KR $MCHP $WORK $IGT #Swing Chart looks good Brock! Don't think that 8.30 is significant other than that's when the buyers took their foot off the gas. I think round numbers, like 8, 9, 10 are more meaningful. Want to see it continue on higher volume than today. But could also see some consolidation. Look at the weekly chart to see potential levels of resistance as it goes.
- Kid2old: @scottrades $SPY $QQQ $GDX $GLD $TNA $TSM $MGM $GDEN $WYNN $KR $MCHP $WORK #Swing I like your illustration on KR. It made it easier to follow.
- Bridget: $NXPI is in a squeeze on the daily chart and the 50dMA has just about caught up. Trading near the 21dMA right now. Giving you a relatively good entry with a stop below the 50dMA. Also looking at $AMD $NVDA and $MCHP but these might need to consolidate for longer.
- CraigReynolds: $MCHP Bought from low rebound last Friday @ $91.50. Up today. Stop set @ $89.95. Target $98.
- jaganjohn: $MCHP Is there anyone holding this stock?
- woodman: #Semiconductors - $MRVL $NVDA $MX $ADI $AMKR $MCHP $AVGO $QRVO $SLAB
- JBed: $MCHP up 2% - np. Waiting for pullback.
- justinp: $MCHP Another dumper for those interested. Nice historical EPS growth but ** An industry bellwether, MCHP late on Thurs warned that trimming excess channel inventory would weigh on rev; co also said it was worried effect of U.S. tariffs on customers who import products into the U.S.
- Joe757: $MCHP coming out of a squeeze.
- debeers: @bRobert $HIIQ $MCHP $CY $ON $AMD $SMH $MU $WTW $WWE $LULU $TRHC -$LULU caught another upgrade.
- champ: @Greendayguy $HIIQ $MCHP $CY $ON $AMD $SMH $MU --- I'm going to pop in and say....investors only buy a stock, if the stock has positive news, earnings, upgrades and the economy...and that is call #stock-timing, when you buy on positive news. The mark ...
- bRobert: @Greendayguy $HIIQ $MCHP $CY $ON $AMD $SMH $MU I try and find stocks with charts that have LARGE measured moves when triggered. eg . $WTW weekly chart JAN 18 squeezing. at $50 Measured move was to $90 (CUP/HANDLE). This was a very tight ...
- Greendayguy: @activetrader1 Sounds like a good strategy to me. The daily 6 month chart has lot of nice ups and downs. Fairly easy to buy and the low end, hold for the duration of the uptrend, which has been 2 - 3 weeks, sell at the top, then wait 2 - 3 weeks til the next bottom. Some of the semis look very similar recently. I just started positions on Friday in $MCHP and $CY. $ON and $SMH look very similar.
- Greendayguy: @bRobert $HIIQ $MCHP $CY $ON $AMD $SMH $MU $WTW $WWE $LULU $TRHC Thank you very much, great advice. Much appreciated. I started small positions in $MCHP and $ON on Friday for short term trades. We'll see how they go, and of course I have stops in ...
- activetrader1: @Greendayguy $MCHP $CY $ON $SMH I have followed a similar pattern in the semis using STM. Overall they have strong revenue growth, low PE comparatively, good price range. It takes a dip to 21-22 and then bounces up to 25ish. Good range on a $20 or so stock. It still has risks like all single stocks have like revenue surprises, Apple news since they are a supplier, analyst reviews, etc so I have gravitated to SCHX where I I don’t have to worry about these factors much because of the large diversification.
- Greendayguy: @bRobert $HIIQ Agree. I've taken some hits but hopefully I'm learning and getting better. I never try to manage more than 8 stocks at a time, and I think I'm going to reduce that number, maybe concentrate on 3 - 5. What are your thoughts on startin ...
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Gary: ...
5. $MCHP – “small position with stop below 200-day MA?” Not a good setup at all b/c of steep selloff. Stop too tight?
6. $INFN – doesn’t make money.
7. $VMW – Makes money. Good EPS rating. Alert $130
8. $ETSY ... - :
- Robert1965: $NVDA ATH $242.92, $MCHP up 3.43 to 95.99
- issues: @Robert1965 $NVDA $MCHP Bought MCHP thank you!
- grcjr: $MAR $WFC $JPM $MCHP $CBOE $BAC $STT $AMZN $VLO $MSFT $NVDA $MPC $NFLX $SPY $ATVI - Some of the new 52+week highs $APC $HAL new 26 week high
- DAN: Good morning. The futures are showing a flat open today after a strong start to 2018. I'd like to say something insightful this morning, but I'm "insight depleted." So this morning, I'll just make note of a few stocks discussed last nigh ...
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rachel: ...
3. $MCHP – Consolidating. Support is at $85. Breakout at $95. This is an early entry
Growth Stocks:
4. $WB – same chart as WUBA.
5. $WUBA – same chart as WB. Working!
6. $YY – if long, hold it. Resistance at $125, so not ... - Ajax4Hire: $SMH = $TSM $INTC $QCOM $MU $NVDA $TXN $AMAT $ASML $AVGO $LRCX $ADI $NXPI $MCHP $SWKS $XLNX $INTC - Intel is hovering above the 50day-MA, seems to be curving back up; or do my eyes deceive me? $TXN - Texas Instruments is in a low volatility, moving sideways plateau; I have a personal affinity for TI, use their stuff whenever I can. $AVGO wants to buy $QCOM who is buying $NXPI. This three-way dance is definitely going to make $NXPI board members rich(er); $AVGO and $QCOM board members talking smack. $AAPL, a big consumer of Broadcom, Qualcomm and NXP silicon may be the big winner. This is my long way around narrowing down to $INTC and $TXN. Buying $INTC 2018-01Jan $44 calls for $0.92; will sell if falls below 50day-MA.
- Bridget: $MCHP breaking below support
- issues: Earnings beat on $WTW $MCHP (1.35 to 1.41 actual) $MTDR $RCL, but I don't yet see $XEC. I guess they have yet to report, right? I sold $TTWO with earnings tonight I fear it'll drop as $EA and $ATVI, no matter what they report.
- issues: $MCHP beat $1.35 $1.41 +4.44% but stock is down in what looks like a bear engulfing down to the 50 day. Normally this would be a buy, but I'm not sure on this one. Is this spelled "broken"? Anyone?
- grcjr: $INTC $AVGO $AMZN $MCHP $AAPL $NRZ $NVDA all with 52+ week new highs.
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rachel: ...
8. $MCHP – good uptrend.
Growth:
9. $ALGN – new high on volume.
10. $ESNT – new high
11. $GWRE – low risk entry here ($77.40), with stop around $75.
12. $BABA – low risk entry here, with 3% stop.
13. $OLLI – caref ... - clamtown: @Bridget $XLP $GIS $K $CPB $KHC $XRT $M $KR $COH $XOP $ESV $RIG $MRO $APC $CVE $XLI $XBI $SMH $MCHP $AMAT $AAPL $AVGO $SWKS $ADBE $MLCO $BBBY $BBRY $FDX $FOLD $PX $NOC $TWX $ROP $ALNY $VST $TSG $BEDU $ADNT $SNDR #Notes $AXP You mentioned this one the other day. Any changes.
- Bridget: #Notes $XLP - these consumer products were down on $GIS earnings $K $CPB $KHC $XRT - retail stocks falling lower $M $KR $COH $XOP - oil performing well. Good liquid stocks $ESV $RIG $MRO $APC $CVE $XLI - hit new highs $XBI - close to breaking higher out of flag $SMH - this rally is fizzling $MCHP $AMAT $AAPL - broke support at he 50dMA, $AVGO $SWKS - breaking down $ADBE - struggling to hold trendline after earnings $MLCO - gapped up this morning but then sold off $BBBY - hit a new low after earnings Breakouts $BBRY $FDX $FOLD $PX $NOC $TWX $ROP $ALNY IPOs working $VST $TSG $BEDU $ADNT $SNDR
- bRobert:
- Bridget: @bRobert $XLP $GIS $K $CPB $KHC $XRT $M $KR $COH $XOP $ESV $RIG $MRO $APC $CVE $XLI $XBI $SMH $MCHP $AMAT $AAPL $AVGO $SWKS $ADBE $MLCO $BBBY $BBRY $FDX $FOLD $PX $NOC $TWX $ROP $ALNY $VST $TSG $BEDU $ADNT $SNDR #Notes I agree that this is likely just a pause, not a top.
- woodman: #Tech - some charts of interest: As #Risk-Reward trades among tech stocks on my watchlists (due to support/where you can put a stop): $AXTI $CAMT $AMD $POWI $MPWR Others on my tech list with interesting charts: $NVDA $NOVT $STM (multi top cup and handle) $MCHP $ORBK $EXTR (made the cup but not really a handle yet) $KEM (hard to buy b/c doesn't pullback much)
- mharps: $MCHP working nicely this am
- Bridget: $MCHP is seeing a bounce today at the 50dMA
- issues: @Bridget $OIH That makes sense to me. Do you have as a rule not to buy break outs, just pull backs? Or is that just this etf? or just for this season/time of a high market? The reason I'm asking is yesterday I bought $MCHP with the alert to buy on break outs. But that was a wrong move now I see.
- Bridget: @issues $OIH $MCHP That is tough to say, I don't have a hard rule. But I have found that buying on the breakout of a broken down stock is less likely to work in my favor then buying a breakout that is at new highs. Making a rule that you always wait for the pullback is hard to do cause sometimes the pullback happens really fast and you miss it. And sometimes it never pulls back. So you have to accept that sometimes it just isn't going to work. So I try to buy as close to the breakout point as I can to reduce my risk. If I miss it, I miss it. There are still plenty of opportunities out there.
- issues: @grcjr $MCHP Thanks for the good advice.
- issues: @Bridget $OIH $MCHP Would you say MCHP is broken? It appears to be on the come back trail, don't ya thunk? I was glad to sell $AAOI yesterday when you wrote that it was "done". But today I am thinking this may not be "done" yet. I see continued interest and am considering buying a small position back. What do you think?
- Bridget: @issues $OIH $MCHP $AAOI I don't think you can make a call on $MCHP. The overall trend is still intact and it is near its 50dMA but that could quickly change. A break below $78 would be very telling. You could definitely get back into $AAOI with a small position. It is consolidating here and you could see another run higher into earnings. But I would keep it on a tight leash. The stock has been seeing some higher volume selling the last 2 days. I would perhaps wait till you see some higher volume buying on the intra day. And I would definitely wait till Monday to make a move at this point.
- StockMarketMentor: A Price Alert has been triggered for $MCHP Microchip Technology Incorporated. Click here to view associated video clip: http://stockmarketmentor.com/stockanalysis.html?ticker=MCHP&clip=87550
- StockMarketMentor: A Price Alert has been triggered for $MCHP Microchip Technology Incorporated. Click here to view associated video clip: http://stockmarketmentor.com/stockanalysis.html?ticker=MCHP&clip=87550
- issues: I'm even with a small position in $MCHP. Was trying to decide what to do. Just then! Yea? What? Just then, Dan Fitz emailed me with an alert on MCHP from way back in June. It said BUY! So I did! Hurray! It's like hearing Dan from the past whisper in my ear, "buy you dope..." Got it! Thanks Dan. That's what we pay ya fer! Also that's to Bridget who wrote about $AAOI and $YRD "That trades OVER!" Alright. I hear ya. I sold both for $2 grand profit. Thanks!
| Stock Price | $66.69 |
| Change | 0.27% |
| Volume | 5,378,120 |
Microchip Technology Inc., develops and manufactures semiconductor products for a variety of embedded control applications.
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Past Month
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$37.99 77.80%
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$15.98 57.19%
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$5.80 55.79%
Past Month
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$8.44 -57.51%
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$580.81 -43.80%
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$69.25 -36.27%
Dan Fitzpatrick
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