Watch for Continued Gains in Shares of ASML Holding (ASML)
Shares of ASML Holding (NASDAQ:ASML) traded at a new 52-week high today of $92.18. This new high was reached on below average trading volume as 473,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
ASML Holding (NASDAQ:ASML) has potential upside of 0.2% based on a current price of $92.13 and analysts' consensus price target of $92.32. The stock should find initial support at its 50-day moving average (MA) of $83.21 and further support at its 200-day MA of $71.18.
ASML Holding N.V. develops, produces, and markets semiconductor manufacturing equipment. The Company's products allow semiconductor manufacturers to choose the optimal numerical aperture and wavelength for their applications, assure uniformity, and produce more using less floor space.
ASML Holding share prices have moved between a 52-week high of $92.18 and a 52-week low of $48.73 and are now trading 89% above that low price at $92.13 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of ASML Holding on July 5th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.53. Since that recommendation, shares of ASML Holding have risen 12.9%. We continue to monitor ASML for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows ASML Holding