Watch These Microchip Technology Levels Amid Big Swings in Stock Price
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Microchip Technology shares could remain on watchlists after tumbling 14% Thursday to lead chip stocks lower during a broad post-rally sell-off for U.S. equities.
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This week’s price swings have occurred on the highest trading volume since February 2017, as investors take bets on the chipmaker’s next move.
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Investors should watch important support levels on Microchip’s chart around $34 and $30, while also monitoring key resistance levels near $50 and $56.
Microchip Technology (MCHP) shares could remain on watchlists after tumbling Thursday to lead chip stocks lower during a broad post-rally sell-off for U.S. equities.
Chip stocks such as Microchip, which makes silicon used in everything…
