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Save your seatVECO ran from roughly $50 on May 4 to $65.43 in late May off a $250 million plus indium phosphide laser equipment order and fresh merger attention around Axcelis.
A failure to hold $55 could see a retrace toward $50 to $52. Any delay in China approval for the Axcelis deal or another weak quarter would accelerate the downside.
If VECO holds the $55 to $58 area, a move back toward $62 to $65 is on the table as silicon photonics demand and merger progress stay in play. Resistance at $60 is the first hurdle.
We don't currently have information about Veeco Instruments Inc.'s earnings.