ASML stock rebounds from 10-week support near $1,805.57, trading in a buy range with potential entry at $1,853.45.
ASML Holding (ASML) shares rose 0.21% to $1,805.57, recovering from a post-earnings decline. The stock is now in a buy range after rebounding from 10-week support, though volume confirmation is pending. A potential entry point is seen at the July 16 high of $1,853.45.
The chip equipment giant holds a 96/99 IBD Composite Rating and ranks 10th out of 197 industry groups. The pullback follows a breakout pattern, a common retracement after strong moves. Broader markets saw mixed action, with oil prices topping $92 a barrel while tech stocks faced pressure.
Micron and other chip-related firms rallied despite weakness in major indices like the Nasdaq and Dow, which traded near session lows.