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Veeco (VECO) Initiated Coverage Alert, Watch for 384.1% Technical Uptrend Continuation
[November 09, 2009]

Veeco (VECO) Initiated Coverage Alert, Watch for 384.1% Technical Uptrend Continuation


Nov 09, 2009 (SmarTrend(R) Spotlight via COMTEX) -- Veeco (NASDAQ:VECO) initiated as Overweight at Piper Jaffray. The stock closed Friday at $23.72 on volume of 663,438 shares, below average daily volume of 712,954.

Veeco Instruments is currently above its 50-day moving average of $23.40 and above its 200-day moving average of $13.37.

SmarTrend is bullish on shares of VECO and our subscribers received an Uptrend alert on March 11, 2009 at $4.90, which has returned 384.1% to date.

Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

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