• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 432646 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414086024 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414086024 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Microchip Technology (MCHP) Crosses Pivot Point Resistance at $33.75

Published on Wed, 01/30/2013 - 13:39
By Peter Chu

Shares of Microchip Technology (NASDAQ:MCHP) opened today above their pivot of $33.51 and have already reached the first level of resistance at $33.75. Analysts will be watching for a cross of the next upside pivot targets of $33.91 and $34.31.

Microchip Technology has overhead space with shares priced $33.74, or 4.1% below the average consensus analyst price target of $35.20. The stock should discover initial support at its 200-day moving average (MA) of $32.74 and subsequent support at its 50-day MA of $31.88.

Microchip Technology Incorporated designs, manufactures, and markets microcontrollers, related mixed-signal and memory products, and application development systems for high-volume embedded control applications. The Company also designs, develops, and markets linear/mixed-signal, power management, and thermal management products.

Microchip Technology share prices have moved between a 52-week high of $41.50 and a 52-week low of $28.92 and are now trading 17% above that low price at $33.74 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Harsco Receive a Boost, Up 3.2...

Harsco (NYSE:HSC) is one of today's notable stocks on the rise, up 3.2% to $19.86. The ...

Buyers Accumulate Shares of Stamps.com, ...

One of today's notable stocks on the rise is Stamps.com (NASDAQ:STMP), up 3.2% to $34.3 ...

Pacific Ethanol Shares Climbing Higher, ...

Pacific Ethanol (NASDAQ:PEIX) is one of today's biggest movers, up 3.3% to $12.74. The ...

Gulf Island Fabrication Shares Climbing ...

Gulf Island Fabrication (NASDAQ:GIFI) is a company whose shares are active, trading 3.3 ...

Stock Investors Bid Up Shares of Foresta...

One of today's stocks on the move is Forestar Group (NYSE:FOR), up 3.3% to $17.18. The ...

Sterling Construction Makes a Move: Up 3...

One of today's stocks on the move is Sterling Construction (NASDAQ:STRL), up 3.3% to $8 ...

Shares of Teledyne Technologies Receive ...

Up 3.3% to $96.67, Teledyne Technologies (NYSE:TDY), is one of today's notable movers. ...

Buyers Accumulate Shares of Sun Hydrauli...

One of today's notable stocks on the rise is Sun Hydraulics (NASDAQ:SNHY), up 3.3% to $ ...