VEECO INSTRUMENTS
(VECO-Nasdaq):
Technical Viewpoint: From a low
of $75 7/8 on Sep 6, 2000 prices
rallied, reaching a
high of $102 3/8
on Sep 15, 2000. A
decline saw prices pull back, reaching a
low of
$82 1/4 on Sep 22, 2000.
Another rally saw prices penetrate
resistance, closing 9/26/00
at $109 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 29, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $102.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 25, 2000. A P&F upside
reversal takes place at $106 1/2. Summary: Technical indicators have turned bullish. BUY! VEECO INSTRUMENTS
(VECO-Nasdaq) @ $111 7/8 Stop: Use a protective stop of $108 3/4.
VEECO INSTRUMENTS is currently trading @ $109 7/8 plus $15 1/8 on Sep 26, 2000. Price Objective:
$129.00. Risk/Reward: $3 1/8 VS. $17 1/8. Today's Risk Reward Ratio: 5:1
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