Bearish Moving Average Cross by Veeco Instruments (VECO)
Today, shares of Veeco Instruments (NASDAQ:VECO) have fallen below their 10-day MA of $28.36 on a volume of 130K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Veeco Instruments have traded between a low of $20.35 and a high of $38.39 and are now at $28.14, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.5%.
SmarTrend is tracking the current trend status for Veeco Instruments and will alert subscribers who have VECO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Veeco Instruments