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Microchip Technology Inc. Message Board

  • thetechtraderca thetechtraderca Nov 1, 2013 2:24 PM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on MCHP at TheTechTrader site noting: Microchip Technology Inc. (MCHP) had a big pop on Thursday. It has multi-year highs going way back, and reached new all-time highs. There a big breakaway above the new all-time highs, it reached the top of the channel up near 44, before backing off to 42.96. It was still up 3.01, or 7 1/2%, on 10 million shares. That’s record volume for this stock. Maybe it will follow through and consolidate, but it looks like it’s going higher. The target is set at 46 short-term, and then 40 intermediate-term.

 
MCHP
49.22-0.39(-0.78%)Apr 21 4:00 PMEDT