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Recent 52-Week High Exceeded in Shares of Veeva Systems-A (VEEV)

By Amy Schwartz

Shares of Veeva Systems-A (NYSE:VEEV) traded at a new 52-week high today of $82.90. So far today approximately 151,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

In the past 52 weeks, Veeva Systems-A share prices have been bracketed by a low of $52.17 and a high of $82.90 and are now at $82.89, 59% above that low price. The 200-day and 50-day moving averages have moved 0.45% higher and 0.69% higher over the past week, respectively.

Veeva Systems-A (NYSE:VEEV) is currently priced 13.6% above its average consensus analyst price target of $71.64. The stock should discover initial support at its 50-day moving average (MA) of $75.07 and subsequent support at its 200-day MA of $64.58.

Veeva Systems Inc. provides cloud-based business services. The Company offers enterprise applications, multichannel platform, customer relationship, and content management solutions. Veeva Systems serves customers in the United States.

SmarTrend recommended that subscribers consider buying shares of Veeva Systems-A on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.28. Since that recommendation, shares of Veeva Systems-A have risen 8.5%. We continue to monitor VEEV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows veeva systems-a

Ticker(s): VEEV