Upgrade Alert for ASML Holding (ASML)
ASML Holding (NASDAQ:ASML) was upgraded from Neutral to Buy at Citigroup today. The stock closed yesterday at $74.04 on volume of 3.4 million shares, above average daily volume of 2.0 million.
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.
Over the past year, ASML Holding has traded in a range of $42.62 to $74.24 and closed yesterday at $74.04, 74% above that low. The 200-day and 50-day moving averages have moved 0.83% higher and 2.05% higher over the past week, respectively.
ASML Holding (NASDAQ:ASML) is currently priced 0.4% above its average consensus analyst price target of $73.77. The stock should discover initial support at its 50-day moving average (MA) of $62.80 and subsequent support at its 200-day MA of $55.05.
SmarTrend recommended that subscribers consider buying shares of ASML Holding on November 1st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.84. Since that recommendation, shares of ASML Holding have risen 32.6%. 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