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Stock impact report

Watch These Microchip Technology Levels Amid Big Swings in Stock Price [Yahoo! Finance]

Microchip Technology Incorporated (MCHP) 
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
Company Research Source: Yahoo! Finance
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. 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 from consumer electronics to automotive systems, have remained particularly volatile against a backdrop of tariff uncertainty that has weighed heavily on consumer and business confidence , both key customers that drive chipmakers' earnings. Microchip shares gave back about half of the previous session's record gains on Thursday, falling 14% to $38.81. Since the start of the year, the stock has lost around a third of its value, compared to the Nasdaq Compo Show less Read more
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