Veeco Instruments Inc (VECO)

Veeco Instruments Inc is trading at $38.46, down 10.14% on the session. The 50 day average sits at $46.73 and the 200 day at $46.81, which puts the stock in a downtrend. RSI is at 40.6, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $41.18 with resistance near $46.81, so that band frames the current range. Average daily movement is roughly $2.92, or about 7.6% of the share price, which is what any stop placement has to allow for. The overall health score of 25 out of 100 combines a trend score of 19, momentum of 21 and a risk score of 40.

Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. It offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems. The company's process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, it markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test companies; and hard disk drive and photonics manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.