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Bearish MACD for Veeco Instruments Inc.

Zacks Equity Research

Veeco Instruments Inc.’s (VECO) MACD indicator has moved into bearish territory with a reading of –0.5071. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 3.11% to $28.67 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 25 cents over the past two months to 99 cents per share.

 

VEECO INSTRUMENTS INC (VECO): Free Stock Analysis Report

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