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ASML Holding Crosses Above its 10-day MA (ASML)

By Amy Schwartz

ASML Holding (NASDAQ:ASML) crossed over its 10-day moving average of $108.75 on a volume of 125K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, ASML Holding has traded in a range of $77.17 to $114.14 and is now at $109.80, 42% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of ASML Holding on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.11. Since that recommendation, shares of ASML Holding have risen 12.8%. We continue to monitor ASML for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ASML Holding

Ticker(s): ASML