Bearish Moving Average Cross by Veeco Instruments (VECO)
Today, shares of Veeco Instruments (NASDAQ:VECO) have fallen below their 10-day MA of $34.53 on a volume of 156K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Veeco Instruments share prices have been bracketed by a low of $28.23 and a high of $44.39 and are now at $33.73, 19% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.
SmarTrend is monitoring the recent change of momentum in Veeco Instruments. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Veeco Instruments in search of a potential trend change.
Keywords: moving crosses Veeco Instruments