• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 542721 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414751271 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414751271 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Bearish Moving Average Cross by Veeco Instruments (VECO)

Published on Tue, 07/30/2013 - 12:06
By Mallory Stone

Veeco Instruments (NASDAQ:VECO) crossed under its 10-day moving average of $34.65 on a volume of 324K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Veeco makes equipment to develop and manufacture LEDs, solar cells, hard disk drives and other devices. We support our customers through product development, manufacturing, sales and service sites in the U.S., Korea, Taiwan, China, Singapore, Japan, Europe and other locations.

Veeco Instruments share prices have moved between a 52-week high of $43.18 and a 52-week low of $26.15 and are now trading 31% above that low price at $34.25 per share. The 200-day and 50-day moving averages have moved 0.21% higher and 0.39% lower over the past week, respectively.

Veeco Instruments (NASDAQ:VECO) is currently priced 2.1% above its average consensus analyst price target of $33.54. Veeco Instruments shares should encounter resistance at the 50-day moving average (MA) of $37.34 and support at its 200-day MA of $33.41.

By Mallory Stone
mstone@fnno.com

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