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News Breaks
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November 4, 2009
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| 13:36 EDT |  | MCHP |
| theflyonthewall.com: | Microchip: Earnings release technical preview, bear pattern, large short-base | | BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the bearish price channel at $24.59. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $25.11, $25.53, $26.09, $26.49, $26.93, $27.40, $27.85, $28.29, $28.75, $29.19, $29.66. BEARISH CASE: There is a potential bearish head and shoulders on the daily chart that will become active on a breakdown below $24. Downside potential for the pattern is to the $21 area. On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $23.26. On a bearish breakdown below the price channel the following support levels would become downside objectives: $22.81, $22.39, $21.82, $21.48, $21.12, $20.80, $20.49, $20.17, $19.85, $19.50, $19.17. NOTE: Large short-base at 5 days to cover, with 9.4% of the float is short. Traders are positioned for negative news. Reactions on a surprise, especially a positive one given the large short-base, have a high probability of being extreme in duration and price. High gap risk. :theflyonthewall.com |
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February 3, 2012
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| 09:18 EDT |  | MCHP |
| theflyonthewall.com: | Microchip price target raised to $44 from $40 at Susquehanna | | Susquehanna raised its price target on Microchip following its in-line Q4 results but better guidance. The firm cited the company's ability to navigate through a tough environment, potential for improved gross margins, and expectations of the current cycle bottom. Shares are Positive rated. :theflyonthewall.com |
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February 2, 2012
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| 16:28 EDT |  | MCHP |
| | 16:27 EDT | | MCHP |
| | 15:12 EDT | | MCHP |
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