Earnings 3-1 BMOThis 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 when I feel a bit safer about the valuation.
No recommendation.
Peak 2 is higher than peak one but this is a monthly chart.
VEEV trade ideas
Veeva triple top and break of weekly trendAnalysis 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 / resistance if buy volume remains low
Stop loss at your discretion
Waiting for Trigger in $VEEVAfter 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.
VEEV ready for another attempt to break out of a 16 month range?* 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 higher.
* The price is very close to its 10EMA on both the monthly and weekly charts indicating it's ready to move higher
* Price and volume both in sync during the descending triangle consolidation indicated in white
Trade Idea:
* You can enter now as the increase in volume shows institutional interest
* It's also offering a very attractive risk/reward ratio
* If you're looking for a discount, you can look for buying opportunities near the $311.61 area (bottom of the descending triangle
* The longer the base, the higher into space :p
Caution:
* This is a pocket pivot signal and though there's little to no overhead resistance, the price might not break out.
* A daily close below the base of the descending triangle would negate this idea.
VEEV, Long to 358 USD. An easy long setup !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 internal structure of up coming wave 5.
Stochastic indicator has recently made a bullish reversal in oversold zone in daily time frame. A small bullish divergence can be noticed on indicator as well.
Taking out 307.05 minor high will strengthen this analysis and confirmation will be taking out labeled wave (b).
Besides all these bullish signs, market may choose completely different path for VEEV. Therefore we set our stop loss carefully if we decide to open a long position.
Trade set up:
Position : Long
Entry : Current prices or you can wait for mentioned minor high to be taken out.
Stop Loss : 293.2
Target : 358
Reward to Risk : around 8 ! if you enter at current prices.
Good luck my friends
Pull Back FishingEarnings 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 to own too many securities, is it can be hard to keep up with earnings dates. Guilty )o:
No recommendation
Reported EPS or GAAP EPS is the earnings figure derived from generally accepted accounting principles (GAAP).
Ongoing or pro forma EPS excludes unusual one-time company gains or losses.
Carry value or book value EPS is the real cash worth of each share of company stock.
Retained EPS is the amount of the earnings kept by the company rather than shared as dividends.
Cash EPS is the actual total number of dollars earned.
Cup and Handle Earnings 9-1VEEV 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 of long entry level for a chart pattern when price moves up at a fairly rapid pace after breaking long entry level.. Price then falters and falls back to long entry level or below within a month and are common, just not ideal. The rising wedge is possibly the culprit plus market conditions as well I suppose. Price is now under long entry level again.
Cup high on the left side, which is original cup high before the throwback, is 325.54 and cup low is 235.74. Cup depth is 325.54 - 235.74 = 89.80. There is support at handle low (HL) and at mid cup. There is also a pocket pivot under price. Targets are calculated using cup depth and fib level and added to long entry level.
The moving averages are in place and in chronological order with the 20 on top, blue. Price is under the 20 however and the 50 SMA is even with price. Many would prefer price being over the 50 SMA and the 20 SMA.
A line of red candles noted exhibiting strong selling pressure after falling from the rising wedge with a spinning top at the top. Sometimes a lot of red in a strong stock can signal a flush out of sellers, but not always. When selling exhausts, buyers often appear. A spinning top is a candle of indecision.
No recommendation.
Negative volume is high on this one. Short interest is 1.4%. Earnings are 9-1 AMC.
Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva Andi, Veeva OpenData, Veeva Link, Veeva Network Customer Master, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Doctors; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including sales and marketing, and medical content and communications, as well as research and development functions, such as clinical, regulatory, quality, and safety. It also provides 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 services; services focused on advancing or transforming business and operating processes related to Veeva solutions; technical consulting services related to data migration and systems integrations; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.
$VEEV with a bullish outlook following its earnings #StocksThe 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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Not what to buy but when to buy !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 like moving averages, MACD, etc. There are many tools that one can used.
From the chart, we can see a round about turn of direction for the stock prices. Here, we see some support at 256.24. The last candle is still in the red, meaning selling pressure is still intact. So, no hurry to get in now. Let's see if the price will rebound at 256.24 as it has proven several times.
The one thing that many retail investors are afraid to go long a stock is because they see that the prices have run quite a bit and are afraid to catch a falling knife. So, they waited and waited......and thus missed out the opportunity to make money!!
Who does not want to catch the stock at rock bottom price at ride it up all the way to the peak? Such stock picking can only be random luck or few in your portfolio. A wiser and more logical approach is to understand the trend that the stock is in, study its fundamentals and understand its chart patterns.
I will wait for this stock to reach the support and buy a small position. If it does breakdown from this level and go lower, I will then wait for the next level of support. This can be at 240, 220 or even lower. These are possibilities but lower probability in my opinion.
VEEV - January 3, 2021VEEV 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, clinical, regulatory, quality, and safety. VEEV trades at a high 28.8x sales multiple and expensive 103x EBITDA multiple. It is a mature company that is expected to pull $357M in profit in fiscal 2021, up from $301M in fiscal 2020. Veeva Systems was on our watchlist in early December, and it currently has consolidated in the 250-280 range.
VEEVA ROCKET LAUNCHER LOADED WITH PHARMA, VIVA VIVA VEEVAVEEVA 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.
Dunno??Possible Head and Shoulders top. VEEV appears to be testing the water at the neckline, maybe too cold there for now..
Pattern is not valid until neckline is broken in a confirmed downtrend..
The neckline is at 255.60 which is usually a level of strong support. That is why price has to break this level in order for a reversal to ensue...It is not easy for a stock that has been trending up for so long to turn around and go down..
Trends do not change quickly as a rule. Usually what we end up seeing is a break in the trend or a significant pause where price goes back to lower levels only to resume it's prior uptrend..
A trend is like trying to stop a huge steam ship cruising through the ocean. It can not just stop on a dime and turn around. There could be gasps of price rallies up or it may never break the neckline, regain strength and go back up again. This pattern is just a warning to keep an eye on business (o:
Possible targets down if, and only IF, price breaks below neckline in a confirmed downtrend..
219.5 210
181.5 161.5
Possible stop 270.3
Not a recommendation/just an observation/very bullish stock so may never cross neckline/remains to be seen
. Have you ever wondered why it is so hard for a stock to get off the bottom? This one is not to the bottom by a long shot but has had a significant pull back. When a stock pulls back deeply, there is supply left overhead. Perhaps there are some folks who got stuck and are looking for a place to sell because they are experiencing financial pain. Often, the deeper it pulls back the more supply left overhead, so every time there is a rally up, it comes back down again due to folks selling one each rally to ease the financial loss they feel they have experienced or the psychological burden of not selling when they feel they should have sold.
All I can do is have a plan so it is not me stuck up there..
One theory is all (o:
$VEEV projected to have a bullish outlookThe PEAD projected a bullish outlook for $VEEV after a negative over reaction following the earnings release placing the stock in Drift C
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VEEV - November 21, 2020A nice pullback by VEEV poses a lucrative buying opportunity due to these 3 main reasons. 1) Business is resistant to macro headwinds. 2) The company has thrived since COVID due to securing contracts with pharmaceutical giants AstraZeneca and Merck. 3) Growing at an very fast rate and increasing operational margins.