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Veeva Systems-A: The Winning Streak Continues (VEEV)

By Amy Schwartz

Shares of Veeva Systems-A (NYSE:VEEV) traded today at $168.34, breaking its 52-week high. Approximately 124,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

Based on a current price of $168.34, Veeva Systems-A is currently 57.4% above its average consensus analyst price target of $71.64. Veeva Systems-A shares have support at the 50-day moving average (MA) of $141.62 and additional support at the 200-day MA of $112.20.

Veeva Systems-A share prices have moved between a 52-week high of $168.34 and a 52-week low of $73.47 and are now trading 129% above that low price at $168.34 per share. The 200-day and 50-day moving averages have moved 1.03% higher and 1.67% higher over the past week, respectively.

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 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 37.4%. 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