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 $111.49. This new high was reached on below average trading volume as 291,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
ASML Holding (NASDAQ:ASML) defies analysts with a current price ($111.45) 1.0% above its average consensus price target of $110.35. The stock should discover initial support at its 50-day moving average (MA) of $104.69 and subsequent support at its 200-day MA of $101.72.
Over the past year, ASML Holding has traded in a range of $80.12 to $111.49 and is now at $111.45, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.
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.
SmarTrend is tracking the current trend status for ASML Holding and will alert subscribers who have ASML in their portfolio or watchlist when shares have changed trend direction.
Keywords: 52 week high/lows ASML Holding