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Thursday, August 28, 2014 8:19:40 AM
Veeva Systems 08/26/14
My first earnings short-squeeze play is cloud-based software solutions provider Veeva Systems (VEEV) , which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Veeva Systems to report revenue of $69.28 million on earnings of 7 cents per share.
The current short interest as a percentage of the float for Veeva Systems is extremely high at 32.4%. That means that out of the 37.24 million shares in the tradable float, 12.09 million shares are sold short by the bears. This is a huge short interest on a stock with a relatively low tradable float. Any bullish earnings news could easily set off a monster short-squeeze that sends the bears scrambling to cover some of their bets.
From a technical perspective, VEEV is currently trending above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock recently spiked sharply higher back above its 50-day moving average with decent upside volume flows. That move has now pushed shares of VEEV within range of triggering a major breakout trade above some key near-term overhead resistance levels post-earnings.
If you're bullish on VEEV, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $24.80 to $25.08 a share and then above $26.34 a share with high volume. Look for volume on that move that registers near or above its three-month average volume of 998,267 shares. If that breakout hits post-earnings, then VEEV will set up to re-test or possibly take out its next major overhead resistance levels at $29.06 to $34 a share.
http://www.thestreet.com/story/12857487/2/5-stocks-set-to-soar-on-bullish-earnings.html?puc=yahoo&cm_ven=YAHOO
Recent VEEV News
- Vita Global Sciences Partners with Veeva to Streamline Clinical Data Management • PR Newswire (US) • 06/19/2024 11:03:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:06:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:53:21 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/07/2024 04:08:32 PM
- Tigermed Advances Clinical Data Management with Veeva Vault EDC • PR Newswire (US) • 06/06/2024 11:03:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:12:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:11:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:09:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:08:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:06:34 PM
- Veeva to Present at Upcoming Investor Conferences • PR Newswire (US) • 06/03/2024 08:15:00 PM
- Veeva Announces Fiscal 2025 First Quarter Results • PR Newswire (US) • 05/30/2024 08:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:12:59 PM
- New Veeva Pulse Findings Show Connected Engagement Creates an Advantage as HCP Access Drops • PR Newswire (US) • 05/23/2024 11:03:00 AM
- New Veeva Pulse Findings Show Connected Engagement Creates an Advantage as HCP Access Drops • PR Newswire (US) • 05/23/2024 11:03:00 AM
- For the Second Year in a Row, Veeva MedTech Named Best Overall Medtech Software • PR Newswire (US) • 05/22/2024 11:03:00 AM
- Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe • PR Newswire (US) • 05/21/2024 11:03:00 AM
- Veeva Introduces Vault Basics for Biotechs • PR Newswire (US) • 05/16/2024 11:03:00 AM
- Veeva to Release Fiscal 2025 First Quarter Results on May 30, 2024 • PR Newswire (US) • 05/08/2024 08:15:00 PM
- Top Biopharma Brands Reach Audiences 10x More Qualified with Veeva Crossix Prime Segments • PR Newswire (US) • 04/23/2024 11:03:00 AM
- Veeva Launches AI Partner Program • PR Newswire (US) • 04/18/2024 11:03:00 AM
- Veeva Launches AI Partner Program • PR Newswire (US) • 04/18/2024 11:03:00 AM
- Veeva Announces Vault CRM Campaign Manager • PR Newswire (US) • 04/17/2024 11:03:00 AM
- Veeva Announces Vault CRM Campaign Manager • PR Newswire (US) • 04/17/2024 11:03:00 AM
- Biopharma Leaders Come Together at Veeva Commercial Summit to Advance Customer-Centric Engagement • PR Newswire (US) • 04/17/2024 11:03:00 AM
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