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Veeva Systems-A Rises 3.18% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Veeva Systems-A (NYSE:VEEV) traded in a range yesterday that spanned from a low of $155.30 to a high of $159.51. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $156.28 on volume of 380,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Veeva Systems-A share prices have moved between a 52-week high of $176.90 and a 52-week low of $110.23 and are now trading 41% above that low price at $155.73 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 0.15% higher over the past week, respectively.

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: rebounders veeva systems-a

Ticker(s): VEEV