This one is one of my faves.
I do not feel the timing is right so I sold it last week and it was one of those that hurts a bit to sell. I know I should not get attached to a security, but sometimes I do.
PE is 60.64 and it made me stop and think. Considering the gains, short interest is very low at 1.14%.
This is one I will eyeball and hopefully buy again...
Analysis of Veeva triple top
See chart for:
Triple top
Confirmation with sell volume increasing at peaks
Weekly trend
Support / Resistance
Bearish Divergence
Moving averages
Shorted retest of support now resistance.
Want to see a break of the Weekly 200EMA
If price is supported, keep an eye on volume and add to short at wicks of retest of previous support /...
After a brief analysis on $VEEV, it seems as if the stock has completed or nearing completion of its correction before a return move to the previous trend which will be up. Waiting for a trigger in the stock and taking out a previous price swing high before taking any positions. Will update chart as time progress.
* Perfect earnings
* Very strong up trend
* High 3-month relative strength in the Tech sector
* Offering a pocket pivot entry near the resistance of a 16 month base
* Looking at the monthly chart, the price used roughly the mid of that range ($279.39) as support before its previous attempt to break out.
* Last month it used $279.39 as support again before moving...
VEEV is on the way to 358 USD ? Surely it is possible !
VEEV may have started the new up going wave ( labeled wave 5 ) bouncing back from 50 % retracement of the last rally ( labled wave 3) and after completion of an abc form of correction. If true it will go up to complete the up going Elliott wave cycle around 358 USD. Target may need update later based on...
Earnings were not received well.
Veeva Systems (NYSE:VEEV): Q2 Non-GAAP EPS of $0.94 beats by $0.08; GAAP EPS of $0.67 misses by $0.03.
VEEV is being punished today and is now trading below the 50 SMA.
Negative volume ramped up significantly today, so smart money interested in the pull back. There is a gap below the handle low.
One reason it is not a good idea...
VEEV fell from a rising narrowing wedge and appears to be recovering with some price consolidation noted. Earnings coming up on September 1st. VEEV has broken long entry level and experienced a throwback. A throwback differs from a pull back and can hurt performance. Pull backs are often considered healthier than throwbacks. A throwback occurs after a break...
The PEAD projected a bullish outlook for $VEEV after a negative under reaction following its earnings release placing the stock in drift D
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These are the tickers which have closed below their 200 EMA today.( definitely entered Bearish trend )
Please pay attention to increased volume during down trend and the very same day these tickers closed below an important level.
Once you have identified the stock that you want to buy (assuming you had done your due diligence), then the next question is when do you enter your long position?
A good method is using the TA analysis and for me, using supports, resistance, trend lines , price actions, etc have proven to work thus far. Other TA traders/investors may adopt different strategies...
VEEV is a healthcare focused big data analytics company, which operates two main business segments. Veeva Commercial Cloud is a suite of multichannel customer relationship management applications, commercial data warehouse, data and services. Veeva Vault, a cloud-based enterprise content and data management software for managing medical, sales, marketing,...
VEEVA SYSTEMS INC, Rocket launcher loaded with pharma shells. 20/50ema crossing, bullish breakout continuation. Price target 309 for next year. Intermediate 300, possible pullback here. Anyway stay long, buy any dip.
Stop if market crashes as always.
