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Veeco Instrument Crosses Above its 10-day MA (VECO)

By Amy Schwartz

Veeco Instrument (NASDAQ:VECO) crossed over its 10-day moving average of $17.03 on a volume of 124K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Veeco Instrument have traded between a low of $10.85 and a high of $34.38 and are now at $17.17, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Veeco Instrument and will alert subscribers who have VECO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses veeco instrument

Ticker(s): VECO