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Is MCHP gaining bearish strength? Fell Below 20 Day Moving Average shows up after slipping 2.2%
On Thursday, August 13th, MCHP moved down 2.2% while volume shrunk to 0.6× the usual levels. The session formed a Fell Below 20 DMA, often signaling a possible continuation. Key support levels exist at 76.72, 75.75 & 73.89, with resistance at 79.54, 81.4 & 82.37.
Current SwingTradeBot Technical Rating of MCHP: D
Today’s move could mean more—check all the signals for MCHP on SwingTradeBot.
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