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VEEVASYSTEMSDRNVEEVASYSTEMSDRNVEEVASYSTEMSDRN

VEEVASYSTEMSDRN

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V2EE34 trade ideas

Breaking above resistance but more on the way...VEEV broke and closed above resistance at 28.05 today on heavy volume (see daily chart). We can anticipate additional resistance around the $29 level due to the long-term descending trend line resistance started back in December 2013 (see weekly chart). If VEEV can close above this descending trend line it may mark the beginning of a fresh uptrend for the stock. However, given the major rejection of this trend line back on the week of 3/6, it will be challenging for VEEV to muster the momentum needed to climb/close above it. VEEV was one of the top 3 "Gainers on Volume" from ChartYourTrade.com's Universe List today. Our Universe List scans for the top growth stocks in the market based on a plethora of fundamental criteria. The top growth stocks which make gains on heavy volume are showing institutional activity and we therefore keep these on a special watch list to and wait for them to setup. To view the rest of today's top "Gainers on Volume" click here: chartyourtrade.com
NYSE:VEEV
by MichaelGLamothe