Information Technology Stocks on the Move -- Research on Veeco Instruments, Axcelis Technologies, Nokia, and Stratasys

LONDON, July 9, 2014 /PRNewswire/ --

On Tuesday, July 08, 2014, the NASDAQ Composite ended at 4,391.46, down 1.35%, the Dow Jones Industrial Average fell 0.69%, to finish the day at 16,906.62, and the S&P 500 closed at 1,963.71, down 0.70%. The losses were broad based with nine out of ten sectors ending the session in negative. The S&P 500 Information Technology Sector Index ended the day at 636.23, down 0.99%, whereas the index has gained 8.26% in the previous three months. Investor-Edge has initiated coverage on the following equities: Veeco Instruments Inc. (NASDAQ: VECO), Axcelis Technologies Inc. (NASDAQ: ACLS), Nokia OYJ (NYSE: NOK) and Stratasys Ltd (NASDAQ: SSYS). Free technical research on VECO, ACLS, NOK and SSYS can be downloaded upon signing up at:

http://www.investor-edge.com/4657-register

Veeco Instruments Inc.'s stock finished the Tuesday's session 3.29 % lower at $35.00. A total of 1.07 million shares were traded, which was above its three months average volume of 0.55 million shares. The stock vacillated between $34.04 and $36.74 during the session. Over the previous three trading sessions, Veeco Instruments Inc.'s shares have lost 4.08%. However, the company shares have advanced 6.84 % in the last one month and 6.35 % since the beginning of 2014. The company's shares are trading above their 50-day moving averages. Moreover, the stock's 200-day moving average of $35.56 is greater than its 50-day moving average of $33.97. Veeco Instruments Inc.'s stock has a Relative Strength Index (RSI) of 58.25. Sign up today to read free research on VECO at:

http://www.investor-edge.com/4657-VECO-09Jul2014.pdf

On Tuesday, shares in Axcelis Technologies Inc. fluctuated between $1.70 and $1.89 before ending the session 10.71 % lower at $1.75. The stock reported a trading volume of 1.76 million shares, much above its three months average volume of 0.54 million shares. Axcelis Technologies Inc.'s shares have lost 13.79 % in the previous three trading sessions, 8.38 % in the last one month, and 28.28 % on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $1.83 and $2.14, respectively. Moreover, shares of Axcelis Technologies Inc. have an RSI of 52.35. On July 7, 2014, Axcelis Technologies Inc. slashed its Q2 FY 2014 revenue guidance range from $55 million - $60 million to $40 million - $42 million. The Company expects second quarter EPS to be in the range of ($0.05) to ($0.07) for the quarter, down from the previous EPS guidance range of ($0.02) to $0.00. Sign up today to read free research on ACLS at:

http://www.investor-edge.com/4657-ACLS-09Jul2014.pdf

Nokia OYJ's stock lost 2.89%, to close the day at $7.40. The stock recorded a trading volume of 22.00 million shares, above its three months average volume of 17.84 million shares. The company shares oscillated between $7.30 and $7.46 during the session. Over the last three trading sessions and over the past one month, Nokia OYJ's shares have lost 2.76 % and 1.91 %, respectively. Further, the stock has fallen by 4.69 % since the start of this year. The stock is trading above its 200-day moving average of $7.20, while the 200-day moving average is below Nokia OYJ's 50-day moving average of $7.41. Additionally, the stock has an RSI of 50.59. Sign up today to read free research on NOK at:

http://www.investor-edge.com/4657-NOK-09Jul2014.pdf

On Tuesday, shares in Stratasys Ltd recorded a trading volume of 2.54 million shares, higher than its three months average volume of 1.30 million shares. The stock ended the day at $105.31, which was 7.28 % below its previous day's closing of $113.58, and registered an intraday range of $102.67 and $112.82. Although Stratasys Ltd's stock has lost 9.43 % in the previous three trading sessions and 21.82 % on YTD basis, it has gained 14.78 % in the last one month. The company's stock is trading above its 50-day moving average of $97.76, which is below its 200-day moving average of $110.69. Furthermore, shares of Stratasys Ltd have an RSI of 71.55. Sign up today to read free research on SSYS at:

http://www.investor-edge.com/4657-SSYS-09Jul2014.pdf


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