Upgrade Alert for ASML Holding (ASML)
ASML Holding (NASDAQ:ASML) was upgraded from Sell to Hold at Deutsche Bank today. The stock closed yesterday at $87.36 on volume of 1.2 million shares, above average daily volume of 1.0 million.
ASML Holding (NASDAQ:ASML) has potential upside of 16.0% based on a current price of $87.36 and analysts' consensus price target of $101.33. ASML Holding shares should first meet resistance at the 50-day moving average (MA) of $88.97 and find additional resistance at the 200-day MA of $96.49.
Over the past year, ASML Holding has traded in a range of $77.17 to $114.14 and closed yesterday at $87.36, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.8%.
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 monitoring the recent change of momentum in ASML Holding. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ASML Holding in search of a potential trend change.
Keywords: analyst upgrades/downgrades ASML Holding