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Veeva Systems-A Bullish Moving Average Crossover Alert (VEEV)

By Amy Schwartz

Veeva Systems-A (NYSE:VEEV) crossed over its 10-day moving average of $172.11 on a volume of 233K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Veeva Systems-A share prices have moved between a 52-week high of $176.90 and a 52-week low of $73.47 and are now trading 135% above that low price at $172.65 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Veeva Systems-A on March 14th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $121.58. Since that recommendation, shares of Veeva Systems-A have risen 40.7%. We continue to monitor VEEV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses veeva systems-a

Ticker(s): VEEV