ASML climbed to new all-time highs

Updated on:
Nov 20th, 2020

ASML Holding N.V. ($ASML) has been systematically topping new highs in the last 10 days. On Friday ASML Holding N.V. ($ASML) did it again and price closed at $423.59 barely changing a 0.05%; new all-time highs are set at $428.40.

On November 13, Royal Bank of Canada increased the price target to $455.00 (7.42% versus the closing price) with a buy rating. The recommendations issued by financial analysts are not a buy or sell recommendation for small traders, so it is not appropriate to follow them blindly.

ASML stock started an uptrend last September, and grew a gorgeous 23.89%. During this uptrend, the price gave some entry points on the breakouts. Latest low was in late October, when price bounced at $355.98. ASML broke out above $407.51 (its last top) on November 11. That breakout was a good buy point

ASML made a 12.3% over the past month, outperforming the average growth of its competitors. In the same period, Taiwan Semiconductor (TSM) made a 9.2%, Intel (INTC) marked a -13.5%, Applied Materials (AMAT) performed a 24.7%, Lam Research (LRCX) marked a 21.5%, KLA-Tencor (KLAC) performed a 18.7%, Canon (CAJ) made a 13.7%, Teradyne (TER) performed a 14.8%, Entegris (ENTG) performed a 10.3%, IPG Photonics (IPGP) made a 4.6% and Photronics (PLAB) marked a 8.7%. Applied Materials, Lam Research, KLA-Tencor and 2 others are trading very close to all-time highs.

ASML Holding N. V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture variosus range of semiconductor nodes and technologies.. The stock belongs to the Semiconductor Equipment & Materials industry in the Technology sector. The company's Headquarters are in Veldhoven, Netherlands, and has 24,749 employees worldwide. Find further information at its corporate website at http://www.asml.com.

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