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

By Amy Schwartz

ASML Holding (NASDAQ:ASML) shares have crossed bearishly below their 10-day moving average of $90.95 on a volume of 255K 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.

ASML Holding share prices have moved between a 52-week high of $101.85 and a 52-week low of $64.93 and are now trading 40% above that low price at $90.75 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of ASML Holding on February 11th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.76. Since that recommendation, shares of ASML Holding have risen 4.1%. 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