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Veeco Instrument Shares Down 29.9% Since SmarTrend's Sell Call (VECO)

By Amy Schwartz

SmarTrend identified a Downtrend for Veeco Instrument (NASDAQ:VECO) on June 20th, 2018 at $15.63. In approximately 3 months, Veeco Instrument has returned 29.92% as of today's recent price of $10.95.

Veeco Instrument share prices have moved between a 52-week high of $22.35 and a 52-week low of $10.00 and are now trading 10% above that low price at $10.95 per share. The 200-day and 50-day moving averages have moved 0.75% lower and 2.17% lower over the past week, respectively.

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