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Long Position on VEEV @ $28.50 on 1/4/2016 (Momentum)

Bullish Cup and Handle on VEEVVeeva Systems Inc. (VEEV) provides cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America.

Its solutions include Veeva CRM, a customer relationship management solution that allows pharmaceutical and biotechnology companies to market and sell compliantly to physicians, other healthcare professionals, and healthcare organizations through multiple touch points, including face-to-face, email, and online; and Veeva Vault, a cloud-based content management and collaboration solution for its customers to manage content-centric processes in various departments within a life sciences company, including clinical trials, regulatory submissions, quality management, manufacturing, medical, sales, and marketing.

The company’s industry cloud solutions also comprise Veeva Network, a cloud-based customer master data management solution to help life sciences companies in creating and maintaining complete and accurate master records for individual healthcare professionals and healthcare organizations; and Veeva OpenKey, which offers data and related services, including healthcare professional and healthcare organization, affiliation, compliance, and email data, as well as related services to help the commercial and medical teams of life sciences companies in enhancing customer engagement and compliance.

In addition, it offers professional and support services in the areas of implementation and deployment planning, and project management; requirements analysis, solution design, and configuration; systems environment management and deployment; training on solutions; and ongoing managed services, such as outsourced systems administration.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

 

52-Weeks Trading Range: $22.11 - $33.10

Entry Point: $28.50

Stop Loss:   $27.00

Target Price: $31.35

Updates

1/27/2016 3:52:45 PM

VEEV closed at $24

Position closed on 1/27/2016 at price of $24.00 with a -15.79% loss in 23 days.

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