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Veeva Systems Reaches Analyst Target Price
Tuesday, October 13, 8:17 AM ET, by Market News Video Staff

In recent trading, shares of Veeva Systems Inc (VEEV) have crossed above the average analyst ...

iShares U.S. Technology ETF Experiences Big Outflow
Thursday, October 15, 11:10 AM ET, by Market News Video Staff

Symbols mentioned in this story: IYW, ADSK, DOCU, VEEV Exchange traded funds (ETFs) trade just ...

VO, DXCM, DOCU, VEEV: ETF Inflow Alert
Friday, October 23, 3:49 PM ET, by Market News Video Staff

Symbols mentioned in this story: VO, DXCM, DOCU, VEEV Exchange traded funds (ETFs) trade just ...

Noteworthy Friday Option Activity: VEEV, APO, CDZI
Friday, October 30, 3:25 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Notable ETF Outflow Detected - IWP, IDXX, VEEV, KLAC
Wednesday, November 18, 10:58 AM ET, by Market News Video Staff

Symbols mentioned in this story: IWP, IDXX, VEEV, KLAC Exchange traded funds (ETFs) trade just ...

Oversold Conditions For Veeva Systems

By Market News Video Staff, Friday, March 5, 12:21 PM ET
Play Video: Learn About The RSI

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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Friday, shares of Veeva Systems Inc (NYSE:VEEV) entered into oversold territory, hitting an RSI reading of 27.5, after changing hands as low as $235.74 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 39.2. A bullish investor could look at VEEV's 27.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VEEV shares:

Veeva Systems Inc 1 Year Performance Chart

Looking at the chart above, VEEV's low point in its 52 week range is $118.11 per share, with $325.54 as the 52 week high point — that compares with a last trade of $243.00. Find out what 9 other oversold stocks you need to know about »

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