Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 30.54

+6.9%

Jan 2 9:30 AM EST

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To: Mark Ivan who wrote (1900)	2/20/1999 11:49:00 PM
From: Zeev Hed	of 3069

Mark, the MACD do not look good, the OBV is still -2 and the middle of the Bollinger bands is at around $50 to $52, it so happen that $52 was also the secondary pricing and will serve as major resistance, IMHO. Last Friday it run up nicely to $49 and stalled with a lot of what seemed to me "distributive" action. The 200 day moving average is around $35 and it may have to get to this major support to mount a new rally, IMHO. Zeev

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