ASML Holding N.V. (ASML) has risen sharply, recording gains of 1.04% in the past 4 weeks. However, the stock has corrected -3.21% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.66% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
ASML Holding NV is up 11.78% in the last 3-month period. Year-to-Date the stock performance stands at 21.66%. The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 3.98%.
ASML Holding N.V. (NASDAQ:ASML): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.80 and $106.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $106.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.73, notching a gain of 0.66% for the day. The total traded volume was 525,398 . The stock had closed at $106.03 on the previous day.
Also, Bank of America downgrades its view on ASML Holding N.V. (NASDAQ:ASML) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on August 17, 2016.
ASML Holding NV (ASML) is a holding company based in the Netherlands that develops semiconductor equipment systems. Its products includes lithographic systems, notably: TWINSCAN NXE, a platform for extreme ultraviolet lithography (EUVL); TWINSCAN NXT, a step-and-scan dual-stage immersion lithography platform; TWINSCAN XT, a step-and-scan water-based immersion lithography platform; YieldStar, a metrology tool; PAS 5500, a step-and-scan platform; and Brion, a computational lithography verification platform. In addition, the Company provides customer support. The Companys activities are organized into three main business lines: Deep Ultraviolet (DUV) scanners, Extreme Ultraviolet (EUV) scanners, and Applications; which are supported by business functions, such as research and development (R&D), sales, operations and sourcing. The Company operates 70 offices in 16 countries and operates ASML Netherlands BV, ASML Systems BV, ASML Hong Kong Ltd., ASML US Inc. as wholly owned subsidiaries.