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

By Shiri Gupta

Today, shares of Veeva Systems-A (NYSE:VEEV) have crossed bullishly above their 10-day moving average of $160.11 on a volume of 168K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Veeva Systems-A share prices have been bracketed by a low of $79.26 and a high of $176.90 and are now at $161.73, 104% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has remained constant.

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