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Wednesday, April 18, 2007 

ASML - Breakout !!!

Chart courtesy of stockcharts

Shares of ASML the Semiconductor equipment maker rose more than 5% today to 27.41$ after reported that its first-quarter net profit nearly doubled, thanks to selling more machines at higher prices. Looking at the chart above stock broke out today an important resistnace at 26.57$ and reaching also a new 52 week year high. Stock has reached overbought conditions so I think the selling pressure will now increase, but stock still in a Bull Market.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC


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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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