• 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 >= 1417017044 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 >= 1417017044 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

Watch for Shares of Air Products & Chemi...

Shares of Air Products & Chemicals (NYSE:APD) opened today below their pivot of $145.56 ...

FMC (FMC) Breaks Through Support at $55....

Shares of FMC (NYSE:FMC) opened today below their pivot of $56.41 and have already reac ...

Watch for Shares of Health Care REIT (HC...

Shares of Health Care REIT (NYSE:HCN) have bullishly opened above the pivot of $72.53 t ...

Watch for Shares of Jabil Circuit (JBL) ...

Jabil Circuit (NYSE:JBL) has opened bullishly above the pivot of $20.92 today and has r ...

Consolidated Edison (ED) Approaches New ...

Consolidated Edison (NYSE:ED) has opened bullishly above the pivot of $61.77 today and ...

Watch for Shares of Sysco (SYY) to Appro...

Shares of Sysco (NYSE:SYY) have bullishly opened above the pivot of $39.49 today and ha ...

Akamai Technologies (AKAM) Crosses Pivot...

Shares of Akamai Technologies (NASDAQ:AKAM) have bullishly opened above the pivot of $6 ...

Watch for Shares of Kellogg (K) to Appro...

Shares of Kellogg (NYSE:K) opened today below their pivot of $65.21 and have already re ...