Veeco Instruments Inc. (NASDAQ:VECO) Holding Above The Trend Line

Shares of Veeco Instruments Inc. (NASDAQ:VECO) are hovering above their moving averages, indicating a postitive uptrend for the firm. Many individuals may have a tough time trying to figure out what actually drives financial markets. There are plenty of investing strategies and trading systems that individuals can use when trying to navigate the stock market. Sudden stock market moves can be mysterious, especially if the move goes against what professionals are expecting. When traders are just starting out, major market shifts can have the ability to wreak havoc if they are unprepared. Nobody wants to be on the losing end of a trade, but the reality is that it can happen at any time. Being prepared for the unknown isn’t easy, but it may be a good way to help ease the burden when markets get choppy.

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Veeco Instruments Inc. (NASDAQ:VECO)‘s stock was 81.11%.  11.46% over the last quarter, and  8.93% for the past six months. 

Over the past 50 days, Veeco Instruments Inc. stock was 3.39% off of the high and 49.44% removed from the low.  Their 52-Week High and Low are noted here.  -10.53% (High), 114.03%, (Low). 

In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average.  The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 21.23% away from its 50-day simple moving average and 17.88% away from the 200-day average. The price currently stands at $13.42. 

RSI

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 75.84 for Veeco Instruments Inc. (NASDAQ:VECO).

Returns & Recommendation

The consensus analysts recommendation at this point stands at 2.50 on this stock.  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.  The Street has a $14.25 target price on the shares for the next 12-18 months.

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