AI
Tuesday, September 17, 2002 10:17:19 AM
MCHP trying to find support at the 16.88 (200 period moving average). might move up here September 17.50 calls for a trade through end of the week, October 17.50 if you are considering a hold through end of September. MCHP was already up 2.50 in after hours on this news might rally again.
Microchip Technology (MCHP: news, chart, profile) jumped more than 12 percent after the company said higher gross margins would enable it to surpass its fiscal second-quarter earnings target. The chipmaker now expects earnings of 17 cents a share instead of the previously targeted 16 cents a share.
http://www.investorshub.com/boards/read_msg.asp?message_id=500649
Microchip Technology (MCHP: news, chart, profile) jumped more than 12 percent after the company said higher gross margins would enable it to surpass its fiscal second-quarter earnings target. The chipmaker now expects earnings of 17 cents a share instead of the previously targeted 16 cents a share.
http://www.investorshub.com/boards/read_msg.asp?message_id=500649
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