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41.6% Return Seen to Date on SmarTrend Veeco Instrument Call (VECO)

By David Diaz

SmarTrend identified a Downtrend for Veeco Instrument (NASDAQ:VECO) on June 20th, 2018 at $15.63. In approximately 5 months, Veeco Instrument has returned 41.60% as of today's recent price of $9.13.

In the past 52 weeks, shares of Veeco Instrument have traded between a low of $6.61 and a high of $20.55 and are now at $9.12, which is 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.8%.

Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research, and industrial markets. The Company has technology positions in three businesses, LED and solar process equipment, data storage process equipment, and metrology instruments.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Veeco Instrument.

Log in and add Veeco Instrument (VECO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights veeco instrument

Ticker(s): VECO