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

By David Diaz

Veeco Instruments (NASDAQ:VECO) crossed over its 10-day moving average of $31.02 on a volume of 215K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Veeco Instruments has traded in a range of $15.26 to $34.38 and is now at $31.40, 106% above that low. The 200-day and 50-day moving averages have moved 0.91% lower and 0.23% lower over the past week, respectively.

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

Ticker(s): VECO