• Return to Headlines

After Yesterday's Rally of 1.33% Shares Could Potentially Pullback

By Nick Russo

Veeva Systems-A (NYSE:VEEV) traded in a range yesterday that spanned from a low of $106.50 to a high of $109.05. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $106.85 on volume of 543,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Veeva Systems-A on August 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.60. Since that recommendation, shares of Veeva Systems-A have risen 30.7%. We continue to monitor VEEV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Veeva Systems-A have traded between a low of $52.17 and a high of $109.05 and are now at $108.22, which is 107% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 1.3%.

Keywords: rebounders veeva systems-a

Ticker(s): VEEV