The stock of ASML Holding NV (ADR) (NASDAQ:ASML) gapped up by $0.3 today and has $161.94 target or 60.00% above today’s $101.21 share price. The 7 months technical chart setup indicates low risk for the $42.65B company. The gap was reported on Oct, 14 by Barchart.com. If the $161.94 price target is reached, the company will be worth $25.59B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 281,873 shares traded hands. ASML Holding NV (ADR) (NASDAQ:ASML) has risen 2.70% since March 11, 2016 and is uptrending. It has underperformed by 2.76% the S&P500.
ASML Holding NV (ADR) (NASDAQ:ASML) Ratings Coverage
Out of 13 analysts covering ASML Holding NV (NASDAQ:ASML), 4 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 31% are positive. ASML Holding NV has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. B. Riley & Co maintained ASML Holding NV (ADR) (NASDAQ:ASML) rating on Thursday, January 21. B. Riley & Co has “Neutral” rating and $89 price target. The stock of ASML Holding NV (ADR) (NASDAQ:ASML) earned “Neutral” rating by Bank of America on Wednesday, August 17. The firm earned “Sector Perform” rating on Thursday, July 21 by RBC Capital Markets. The stock of ASML Holding NV (ADR) (NASDAQ:ASML) has “Underperform” rating given on Thursday, October 15 by RBC Capital Markets. UBS downgraded the stock to “Neutral” rating in Thursday, July 21 report. The stock has “Buy” rating given by Berenberg on Friday, August 28. The firm earned “Add” rating on Tuesday, July 21 by SNS Securities. The firm has “Buy” rating given on Thursday, January 21 by Bryan Garnier & Cie. BNP Paribas downgraded the stock to “Underperform” rating in Thursday, March 31 report. The company was upgraded on Friday, January 22 by Deutsche Bank.
According to Zacks Investment Research, “ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products.”
Another recent and important ASML Holding NV (ADR) (NASDAQ:ASML) news was published by 247Wallst.com which published an article titled: “5 Top Tech Companies That Will Benefit From Huge Chip Breakthrough” on August 18, 2015.
ASML Company Profile
ASML Holding N.V., incorporated on October 3, 1994, is a holding company. The Firm is a maker of chip-making equipment. The Firm is engaged in the development, production, marketing, selling and servicing of advanced semiconductor equipment systems, exclusively consisting of lithography systems. The Company’s products include systems and system related products. The Company’s principal activities are in the Netherlands, the United States and Asia.
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