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Bearish Moving Average Cross by Veeva Systems-A (VEEV)

By Nick Russo

Veeva Systems-A (NYSE:VEEV) shares have crossed bearishly below their 10-day moving average of $62.70 on a volume of 173K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Veeva Systems-A share prices have been bracketed by a low of $32.61 and a high of $68.07 and are now at $62.56, 92% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for Veeva Systems-A and will alert subscribers who have VEEV in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses veeva systems-a

Ticker(s): VEEV