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Lasertec Weathers Profit-Taking Near \39,000, Standing Out Among Semiconductor Equipment Peers on Overseas Investor Interest◇
Lasertec <6920> is absorbing profit-taking by short-term traders near the \39,000 level. In the previous session, the stock surged over 9% against the backdrop of strong U.S. equities, with ADVANTEST <6857>, Tokyo Electron <8035>, and DISCO <6146> also rallying sharply. The Philadelphia Semiconductor Index (SOX) subsequently soared 6.3% to a record high in the U.S. session, providing a strong tailwind. Against this backdrop, Lasertec stands head and shoulders above its semiconductor equipment peers in terms of intermediate-term momentum.
While ADVANTEST, Tokyo Electron, and DISCO all gapped up on recent rallies, their 25-day and 75-day moving averages are either in a death cross or on the verge of one. Lasertec, by contrast, has its 5-day, 25-day, and 75-day moving averages all trending higher, reflecting strong bullish momentum. In the previous session, the stock reclaimed the \40,000 level at one point, bringing its year-to-date high within reach for the first time since late January ? roughly two months ago. The company is advancing new developments in EUV light source inspection equipment, and renewed buying from overseas investors has been observed. With the stock currently testing levels just below \40,000, market focus is on whether it can fully absorb selling pressure around the \39,000 level in the near term.
(Note) The "◇" symbol at the end of the title indicates that this article contains multiple stock issues.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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