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Buyers Accumulate Shares of ASML Holding, Up 2.0%

Published on Thu, 03/14/2013 - 10:18
By Peter Chu

One of today's notable stocks on the rise is ASML Holding (NASDAQ:ASML), up 2.0% to $71.11. The S&P is currently trading 0.4% higher to 1,560 and the Dow Jones Industrial Average is trading 0.4% higher to 14,514.

ASML Holding share prices have moved between a 52-week high of $78.30 and a 52-week low of $43.74 and are now trading 63% above that low price at $71.11 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.6%.

ASML Holding (NASDAQ:ASML) has potential upside of 5.3% based on a current price of $71.11 and analysts' consensus price target of $74.91. The stock should find initial support at its 50-day moving average (MA) of $70.68 and further support at its 200-day MA of $58.99.

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.

By Peter Chu
pchu@fnno.com