Earnings for VECO: Short Term V Bottom for Swing Trading

VECO is reporting earnings today. The stock has been slowly trending up out of a wide short term V bottom formation that is incomplete at this time. Swing traders should find short term bottoms early in the development to plan a low-risk swing-style entry ahead of earnings news. The current candlestick pattern is taught in the TechniTrader Swing Trading course.

Veeco Instruments Inc has been in a long term downtrend. The lows have moved price up twice. The all-time high is around $117 and it has just moved above the $10 price. This company is in one of the industries that are creating new displacement technologies that are coming to market in the next few years.