Veeva Systems Inc. ( $VEEV ) stock is trading under $200 as of July 12th , 2019 and offering a possible buying price between $173.75 – $182.44. Let’s look at the stocks technical actions using a weekly chart.
2. The stock broke out of a base in early January and had a nice run.
3. The stock made a quick stop and consolidated the gains.
4. Then the stock had a quick, but nice run.
5. The stock went into another quick consolidation.
6. It broke out from the consolidation and had another great run for few weeks.
7. The stock found support at the 50 DMA line during the consolidation.
8. The stock came under severe distribution recently, but survived the sell off.
9. The possible buying price would be $173.75 – $182.44, with a stop loss price at $159.85.
