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After Yesterday's Rally of 1.54% Shares Could Potentially Pullback

By David Diaz

Veeva Systems-A (NYSE:VEEV) traded in a range yesterday that spanned from a low of $195.26 to a high of $201.10. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $198.00 on volume of 304,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Veeva Systems-A have traded between a low of $118.11 and a high of $201.10 and are now at $200.71, which is 70% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.8%.

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