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

By Shiri Gupta

ASML Holding (NASDAQ:ASML) crossed under its 10-day moving average of $100.67 on a volume of 251K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of ASML Holding have traded between a low of $77.17 and a high of $114.14 and are now at $99.95, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of ASML Holding on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.65. Since that recommendation, shares of ASML Holding have risen 16.4%. 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