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Veeva Systems (NYSE:VEEV) gains 4.6% in the past month. Will the surge continue?

  • Veeva Systems has been on the steady rise for months now, and even a big spike on May 29th;
  • The stock increased in price by 4.6% in the past month, and has good technical on top of that;
  • VEEV is currently holding a Zacks Rank #2 (Buy).

Investors that put their trust and money into Veeva Systems Inc. (NYSE:VEEV) have certainly not regretted it. Veeva Systems has been on a steady rise for months now. On top of that, the company had a spike upwards on May 29th, where it went up from $135 all the way up to $155. The stock increased in price by 4.6% in the past month.

If we add the fact that the stock is above its 20 Day SMA too, we can say that VEEV is in a great spot. This combination of strong price performance and favourable technicals could suggest that the stock may still have space to move upwards.