Top Stock Picks for 2023: ASML Holding

ASML has a monopoly on EUV lithography

Managing Editor
Jan 10, 2023 at 12:17 PM
facebook X logo linkedin


Every day this week, we're going to highlight one of Schaeffer's top seven picks for 2023. Next up, have semiconductor pick in ASML Holding N.V. (NASDAQ:ASML. To access the entirety of the 2023 report, click here.

Netherlands-based semiconductor giant ASML Holding (ASML) recently broke out of a monthly bull flag pattern. The equity has also found support at its 5-year moving average, which has been significant in past downturns. Additional support was found at the second half of 2020’s support/resistance level at the round $400 mark.

Looking further, for the first time, the stock’s year-to-date price moved back above its 2022 anchored volume weighted average price (AVWAP) level in November. Essentially, ASML has a monopoly on the EUV lithography machines that are used to fabricate semiconductor chips. Finally, the stock is sporting a Schaeffer's Volatility Scorecard (SVS) of 86, suggesting ASML’s performance over the past 12 months has exceeded options traders’ volatility expectations.Top 2023 Picks ASML

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI