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Technical Analysis
- 11/19/2009 8:57:54 AM
By Chip Brian, SmarTrend Analytics Team
ASML (NASDAQ:ASML) downgraded to Neutral from Buy, $33 target, at BofA/Merrill. The stock closed yesterday at $31.86 on volume of 4,562,842 shares, above average daily volume of 2,779,107.
ASML Holding is currently above its 50-day moving average of $29.47 and above its 200-day moving average of $22.90.
SmarTrend is bullish on shares of ASML and our subscribers received an Uptrend alert on November 09, 2009 at $29.29, which has returned 8.8% to date.
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