ASMLF - ASML: Time To Take Profits
2024-06-10 04:24:59 ET
Summary
- In late 2022 and early 2023, I repeatedly gave ASML bullish coverage. I didn't buy the stock myself but instead made an investment in the related but cheaper TSMC.
- Since I last wrote about it, ASML has risen 52% and outperformed the S&P 500 by 20%.
- Today I think it is wise to take some profits on ASML. I do not mean to say that people should exit the position entirely, but rather that they should trim.
- In this article, I make a case for trimming ASML at today's prices, holding if it declines in price substantially, and exiting if it breaches $1,200.
It has been over a year since I last wrote about ASML Holding ( ASML ). A lot of things have happened in the world of chips since then, so I decided to follow up on my previous coverage with a fresh look today....
ASML: Time To Take Profits