• Return to Headlines

Downgrade Alert for ASML Holding (ASML)

By Nick Russo

ASML Holding (NASDAQ:ASML) was downgraded from Buy to Neutral at BofA/Merrill today. The stock closed yesterday at $105.45 on volume of 2.1 million shares, above average daily volume of 612,000.

ASML Holding share prices have moved between a 52-week high of $114.14 and a 52-week low of $77.17 and closed yesterday at 37% above that low price at $105.45 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

ASML Holding (NASDAQ:ASML) is currently priced 3.9% above its average consensus analyst price target of $101.33. The stock should find initial support at its 50-day moving average (MA) of $97.23 and further support at its 200-day MA of $92.11.

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 recommended that subscribers consider buying shares of ASML Holding on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.11. Since that recommendation, shares of ASML Holding have risen 12.3%. We continue to monitor ASML for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades ASML Holding

Ticker(s): ASML