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VECO INSTRUMENTS INC
(VECO-Nasdaq):
Technical Viewpoint: From a low
of $17.41 on Aug 8, 2003 prices
rallied, reaching a
high of $22.16
on Aug 22, 2003. A
decline saw prices pull back, reaching a
low of
$20.16 on Aug 26, 2003.
Another rally saw prices penetrate
resistance, closing 9/8/03
at $23.95. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 18, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.50. Resistance: Is at $24.75.
Point & Figure: Reversed to the upside on Sep 2, 2003. A P&F upside
reversal takes place at $22.50. Summary: Technical indicators have turned bullish. BUY! VECO INSTRUMENTS INC
(VECO-Nasdaq) @ $24.25 Stop: Use a protective stop of $22.25.
VECO INSTRUMENTS INC is currently trading @ $23.95 plus $1.95 on Sep 8, 2003. Price Objective:
$32.00. Risk/Reward: $2.00 VS. $7.75. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$32.00
Risk/Reward:
$2.00 VS. $7.75
Risk/Reward Ratio:
4:1
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