ASML (ASML) NewsBite - ASML Downgraded By BofA/Merrill

Posted: Thursday, November 19, 2009 11:07 AM EDT
By: Market Intelligence Center Staff





ASML (ASML) was downgraded today by analysts at BofA/Merrill and the stock is now at $29.82, down $2.04 (-6.4%) on volume of 1,042,963 shares traded. The analysts reduced ASML to Neutral from Buy. Over the last 52 weeks the stock has ranged from a low of $12.64 to a high of $32.37. ASML stock has been showing support around $31.22 and resistance in the $32.62 range. Technical indicators for the stock are bullish and S&P gives ASML a positive 4 STARS (out of 5) buy ranking. We will just watch this one for now. There are no hedged trades we like the look of for ASML. [ABR-Seven Summits Strategic Investments NewsBite]



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Hedged Trade Ideas For ASML:



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