• Return to Headlines

Bearish Moving Average Cross by ASML Holding (ASML)

By Nick Russo

Today, shares of ASML Holding (NASDAQ:ASML) have fallen below their 10-day MA of $133.80 on a volume of 270K shares. This may provide short-term investors a chance 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 $135.92 and a 52-week low of $77.17 and are now trading 73% above that low price at $133.54 per share. Over the last five market days, 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 March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $127.68. Since that recommendation, shares of ASML Holding have risen 6.4%. 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